U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 195,000 jobs in August, well above expectations of 150,000. The services sector added 184,000 jobs, while the goods-producing sector added 11,000 jobs. ADP Report

Initial jobless claims rose 1,000 to 217,000 last week. The four-week moving average increased 1,500 to 216,250. DOL Report

New factory orders for manufactured goods rose 1.4% in July following a 0.5% increase in June and are up 0.4% compared to a year ago. New orders excluding transportation rose 0.3% while new orders for nondefense capital goods excluding aircraft rose 0.2%. Census Bureau Report

The ISM Non-Manufacturing Index rose 2.7 points to 56.4 in AugustThe New Orders Index rose 6.2 points to 60.3, while the Employment Index fell 3.1 points to 53.1. ISM Report 

Nonfarm business sector labor productivity increased 2.3% in Q2 and rose 1.8% compared to last year. Hours worked fell 0.4% and unit labor costs rose 2.6% (revised). BLS Report