Tag Archives: US Economy

Wholesale inventories in the United States increased by 0.3% last December, compared with their level in November, data showed on Wednesday. According to the U.S. Department of Commerce’s Census Bureau, the seasonally adjusted wholesale inventories reached $651.5 billion by the end of December 2020. On an annual basis, inventories declined …

Households in the United States are expecting an increase in their spending over the coming year, as shown by a recent survey by the Federal Reserve Bank of New York. The expectations for the growth in household spending rose to a median 4.2%, which is the highest rate in more …

Job openings in the United States increased last December, as shown by the U.S. Department of Labor’s Job Openings and Labor Turnover Survey (JOLTS). The number of job openings rose to 6.65 million in December from a revised 6.57 million in November, reaching its highest level in five months as …

A report by Goldman Sachs on Monday showed a rise in the bank’s expectations for the growth of the gross domestic product (GDP) in the United States during the second quarter of 2021 to 11% from a previous estimate of 10%. Goldman Sachs now sees additional fiscal measures at $1.5 …

The United States Secretary of the Treasury, Janet Yellen, is discussing with market leaders the recent fluctuations in the stock market due to speculation trading. Yellen is holding a meeting with the heads of the Securities and Exchange Commission (SEC), Federal Reserve Board, Federal Reserve Bank of New York, and …

Factory orders in the United States increased for the eighth consecutive month during December, rising by 1.1%, following a 1.3% rise in November, data by the U.S. Department of Commerce showed on Thursday. Factory shipments grew by 1.7% in December and unfilled orders declined by 0.3%. Orders for durable goods …

The economic activity of the United States services sector expanded during January for the eighth consecutive month, according to the latest Services ISM Report on Business, which was released on Wednesday. The report of the Institute for Supply Management (ISM) Services Business Survey showed that the Services purchasing managers’ index …

The United States services sector’s purchasing managers’ index (PMI) expanded in January, showing that the U.S. economy is recovering from the impact of the Coronavirus pandemic, data by IHS Markit showed on Wednesday. The seasonally adjusted final IHS Markit US Services PMI Business Activity Index rose to 58.3 in January …

The United States private sector output last month witnessed its first broad-based upturn since October 2020, according to data by IHS Markit on Wednesday. The Sector Purchasing Managers’ Index (PMI) showed that all seven categories monitored by the series registered an expansion of business activity during January. Healthcare maintained a …

The United States Secretary of the Treasury, Janet Yellen, said on Tuesday that economic growth estimated by the Congressional Budget Office (CBO) are showing the strong need for passing the coronavirus rescue package proposed by President Joe Biden, Reuters reported. “Last year, the economy shrunk more than any other since …