U.S. Economic News

December 4, 2020

U.S. Economic Indicators

The U.S. economy gained 245,000 jobs in November, well below expectations. The unemployment rate declined by 0.2 percentage point to 6.7% while the labor force participation rate fell 0.2 percentage point to 61.5%. BLS Report

The U.S. trade deficit widened from $62.1 billion (revised) in September to $63.1 billion in October. The goods deficit rose by $0.6 billion while the services surplus fell by $0.4 billion. Census Bureau Report

New factory orders for manufactured goods rose 1.0% in October following a 1.3% (revised) increase in September. New orders excluding transportation were up 1.0%, while new orders for nondefense capital goods excluding aircraft rose 0.8%. Census Bureau Report