Tag Archives: US Economy

Manufacturing capacity utilization in the United States increased to 72.6% in November from 72% in October, data by the US Federal Reserve showed on Tuesday. Total utilization increased to 73.3%. Meanwhile, utility output decreased by 4.3% last month, while mining output increased by 2.3%.

The price of import prices in the United states rose by 0.1% in November, according to data by the US Department of Labor on Tuesday. This comes following a decline of an equal value during October. On an annual basis, import prices decreased by 1%, repeating the reading of the …

The United States Treasury Secretary, Steven Mnuchin, said on Thursday that he will recommend to the next administration to consider selling the $700 million emergency government loan to YRC Worldwide at a profit. “We’ve been fortunate that the economy recovered, and that the equity is doing well and I am …

Unit labor costs in the United States declined during the third quarter (Q3) of the year, data by the US Department of Labor showed on Tuesday. The price of labor for each unit of output decreased by 6.6%, compared with a previously estimated 8.9%. It is worth noting that during …

Nonfarm worker productivity in the United States grew during the third quarter (Q3) of the year, data by the US Department of Labor showed on Tuesday. This comes as the US economy, and especially the services sector, is recovering from the impacts of the Coronavirus crisis. Hourly output per worker …

The United States economy created a less than expected number of new jobs last month, as per data released on Friday. November saw the smallest increase in non-farm payrolls since in six months, or since the recovery from the Coronavirus crisis began. This comes amid an increase in the number …

New factory orders in the United States grew by 1% in October, compared with a previous estimate of 1.3%, data by the US Department of Commerce showed on Friday. Orders for non-defense capital goods, excluding aircrafts, went up by a revised reading of 0.8% in October instead of 0.7% as …

The United States Senate confirmed on Thursday one of President Donald Trump’s picks to the Federal Reserve’s board of governors, the Wall Street Journal reported. Christopher Waller, Research Director at the Federal Reserve Bank of St. Louis, was confirmed to a term that extends until January 2030. A total of …

The ISM’s Manufacturing PMI in November declined to 57.5 in November from 59.3 and fell short of analysts’ estimate of 58.

Household spending in the United States increased more than what was expected during the month of October, data by the US Department of Commerce showed on Wednesday. Purchases increased by 0.5% on a monthly basis, after rising by 1.2% in September. Meanwhile, personal incomes declined by 0.7%.