U.S. Economic News

June 1, 2017

U.S. Economic Indicators

Initial jobless claims jumped 13,000 to 248,000 last week.  The four-week moving average rose 2,500 to 238,000. DOL Report

The ADP Employment Report shows that private-sector employment increased by 253,000 jobs in May, well above expectations of 170,000.  The services sector added 205,000 jobs and the goods-producing sector added 48,000 jobs.  ADP Report
 
The ISM Manufacturing Index inched up 0.1 percentage point to 54.9 in May. 
The new orders index rose 2.0 percentage points to 59.5 and the employment index increased 1.5 percentage points to 53.5.  ISM Report
 
Construction spending decreased 1.4% in April to an annualized rate of roughly $1.2 trillion. 
Public construction fell 3.7% and private construction decreased 0.7%.  Census Report

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