Tag Archives: ISM Non-manufacturing index

Why So Much Inequality?

Financial FAQs Wrightson/ICAP Nobel Laureate and NYTimes columnist Paul Krugman has said it would probably take something on the scale of an alien invasion to create the emergency programs and policies that would benefit all Americans, such as another New … Continue reading

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How Much Has US Economy Slowed?

Financial FAQs Calculated Risk It’s a difficult question to answer. We know the US economy is slowing, and the manufacturing activity is already contracting—the first of the four indicators that are used to call a recession—per the ISM’s Manufacturing Diffusion … Continue reading

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May Employment Not looking So Good

Popular Economics Weekly MarketWatch Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and … Continue reading

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What Will Friday’s Unemployment Report Look Like?

Financial FAQs Econoday It may look better than the Associated Data Processing private payrolls report that precedes the BLS report, as have prior months’.  Private-sector employers hired just 27,000 people in May, a 7-year low, payroll processor ADP said Wednesday. … Continue reading

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Can US Service Sector Boom Reduce Our Deficits?

Popular Economics Weekly Econoday.com All 18 non-manufacturing industries reported growth in February, according to the ISM’s non-manufacturing index, which gives a monthly overview of service sector activity. This is huge and says the service sector that makes up two-thirds of … Continue reading

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Can U.S. Economy Weather Trade Wars?

Financial FAQs Econoday.com Why is manufacturing doing so well in the face of rising tariffs—in January when mid-winter business activity tends to slow? Consumers flush with cash from rising wages and full employment are powering higher domestic demand. Exports, on … Continue reading

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Slower July Jobs Growth

Popular Economics Weekly Graph: MarketWatch Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, … Continue reading

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Why the ‘Yuge’ Stock Market Selloff?

Popular Economics Weekly The quick answer is that too much money is chasing too few stocks, believe it or not. The record low interest rates—the 10-year treasury yield just dropped back to 2.75 percent from 2.85 percent before Friday’s selloff—is … Continue reading

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Minimum Wage Raises Should Boost Employment, Spending

Financial FAQs Minimum wages are about to rise in several cities, and eventually states. San Francisco and Los Angeles minimums rose last weekend to $14 and $12 per hour, respectively, and ultimately to $15 per hour by 2021. But Seattle, … Continue reading

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156,000 Payroll Jobs, 4.7% Employment

Popular Economics Weekly The highlight of the December unemployment report was that wages rose 2.9 percent annually. And nonfarm payrolls rose a lower-than-expected 156,000 in December but added a net 19,000 to the two prior months (November now at 204,000 … Continue reading

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