U.S. Economic News

U.S. Economic News

May 6, 2021

U.S. Economic Indicators

Initial jobless claims fell 92,000 to 498,000 last week. The four-week moving average decreased 61,000 to 560,000. DOL Report

Nonfarm business sector labor productivity increased 5.4% in Q1. Hours worked increased 2.9% while output increased 8.4%; unit labor costs fell 0.3%. BLS Report

U.S. Economic News

U.S. Economic News

May 5, 2021

U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 742,000 jobs in April, slightly below consensus expectations. The services sector gained 636,000 jobs, while the goods-producing sector gained 106,000 jobs. ADP Report

The ISM Services Index declined 1.0 point to 62.7 in April, indicating industry expansion but at a slightly slower rate than the prior month. The New Orders Index decreased 4.0 points to 63.2, while the Employment Index improved 1.6 points to 58.8. ISM Report

U.S. Economic News

U.S. Economic News

May 4, 2021

U.S. Economic Indicators

The U.S. trade deficit widened from $70.5 billion (revised) in February to $74.4 billion in March. The goods deficit increased by $3.6 billion, while the services surplus decreased by $0.3 billion. Census Bureau Report

New factory orders for manufactured goods increased 1.1% in March following a 0.5% (revised) decrease in February. New orders excluding transportation rose 1.7%, while new orders for nondefense capital goods excluding aircraft rose 1.2%. Census Bureau Report

U.S. Economic News

U.S. Economic News

May 3, 2021

U.S. Economic Indicators

The ISM Manufacturing Index declined 4.0 points to 60.7 in April, indicating industry expansion but at a slightly slower rate than in March. The Employment Index decreased 4.5 points to 55.1, while the New Orders Index decreased 3.7 points to 64.3. ISM Report

Construction spending increased 0.2% in March to an annualized rate of $1.51 trillion. Private construction rose 0.7%, while public construction fell 1.5%. Census Bureau Report

U.S. Economic News

U.S. Economic News

April 30, 2021

U.S. Economic Indicators

Real disposable personal income increased 23.0% in March, while real personal consumption expenditures (PCE) increased 3.6%. The PCE price index rose 0.5% (up 2.3% Y/Y), and the core price index rose 0.4% (up 1.8% Y/Y). BEA Report

The University of Michigan Consumer Sentiment Index increased 3.4 points to 88.3 in the final April reading and is up 16.5 points from April of last year. The Index of Consumer Expectations rose 3.0 points to 82.7, while the Current Economic Conditions Index rose 4.2 points to 97.2. University of Michigan