Wednesday, October 4, 2023


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Reade Pickert

U.S. MANUFACTURING contracted for the third straight month in October, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory gauge signals contraction for third-straight month

WASHINGTON – A gauge of United States manufacturing trailed estimates for October and signaled the sector contracted for a third-straight month, with the weakest...
U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. hiring resilient with 128,000 gain despite strike, census

WASHINGTON – United States hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, offering hope that the labor market can...
RECENT ECONOMIC reports have shown potential for a weakening of U.S. consumer spending. / BLOOMBERG NEWS FILE PHOTO

U.S. consumer spending, jobless claims suggest some caution

WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Manufacturing is now smallest share of U.S. economy in 72 Years

WASHINGTON – Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening. Manufacturing made up 11% of...
A GALLUP POLL found that 40% of employed Americans say they’re in good jobs, versus 44% in mediocre jobs and 16% in bad jobs. / BLOOMBERG NEWS

Americans are unhappy at work after years of economic gains

WASHINGTON – The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work. A poll released...
JOB OPENINGS in the U.S. declined by 123,000 to 7.05 million in August. / BLOOMBERG NEWS FILE PHOTO/MIKE FUENTES

Job openings in U.S. decline to lowest since March 2018

WASHINGTON – United States job openings unexpectedly declined in August to the lowest level since March 2018, underscoring the slowdown in hiring across American...
CORE PRODUCER prices in the U.S. decreased 0.3% in September from the prior month. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES

Core U.S. producer prices fall most in more than 4 years

WASHINGTON – A measure of underlying United States producer prices posted the biggest monthly drop in more than four years, adding to signs of...
THE UNITED STATES goods-trade gap with China shrank to a seasonally adjusted $28.9 billion in August from $29.6 billion a month earlier. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. trade gap with China narrows as exports hit five-month high

WASHINGTON – The United States' merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of...
THE U.S. factory index compiled by Institute for Supply Management declined to 47.8 in September, the lowest since June 2009. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. factory gauge sinks to 10-year low as employment wobbles

WASHINGTON – A measure of United States manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession...

U.S. economy cools on consumer spending, equipment orders

WASHINGTON – The United States economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and...
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