U.S. Factories Are Posting Job Openings Like Never Before
Job openings have surged at U.S. manufacturers of durable goods from machinery to cars in recent months, suggesting factories have plenty of demand despite recent tariff obstacles.
Job openings back over 7 million and near a record high
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday.
Service sector grows in November despite tariff, employment concerns
The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management.
The same bond market move happening now occurred before last three recessions
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.
US consumer spending surges, while underlying inflation slows
U.S. consumer spending increased by the most in seven months in October.
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.
US homebuilding rose in October on a rebound in multifamily housing projects.
U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell.
US manufacturing output beats expectations in October
U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity.