U.S. Economic News

October 4, 2018

U.S. Economic Indicators

Initial jobless claims fell 8,000 to 207,000 last week. The four-week moving average rose 500 to 207,000. DOL Report
 
New factory orders for manufactured goods rose 2.3% in August following a 0.5% (revised) decline in July, and are up 8.6% year-to-date. 
New orders excluding transportation edged up 0.1% while new orders for non-defense capital goods excluding aircraft fell 0.9%. Census Bureau Report

U.S. News

According to the Wall Street Journal, Federal Reserve Chairman Jerome Powell says that the U.S. economy is benefiting from “a remarkably positive set of economic circumstances,” and believes that the current expansion could continue for the foreseeable future. Powell also stated that while the labor market seems to be approaching full employment, it does not appear to be at risk of overheating. WSJ

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