Economics News Results

  • Trade Deficit, Consumer Prices on Deck -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0830 U.S. Trade Deficit Oct $67.0 B $80.9 B 0830 Productivity 3 Q -5.0% -5.0%* 0830 Unit Labor Costs 3 Q +8.3% +8.3%* 1500 Consumer Credit Oct+ $33.5 B+ $29.9 B Wednesday 1000 Job Openings Oct 10.5 M 10.4 M& Labor Turnover Thursday 0830 Jobless Claims Dec 4 229 K 222 K 1000 Wholesale Inventories Oct +2.2% +1.4% Friday 0830 Consumer...

  • U.S. Services Sector Growth Accelerated to New Record-High in November -- ISM

    The U.S. services sector gained momentum in November, hitting a record-high growth rate for the second straight month, data from a purchasing managers survey compiled by the Institute for Supply Management showed Friday. The ISM Services Report on Business PMI rose to 69.1 in November from 66.7 in October, beating the 65.0 consensus forecast from economists polled by The Wall Street Journal. The index, which marks an all-time survey high, signals that the U.S. services sector...

  • U.S. Services Sector Growth Cooled Slightly in November -- IHS Markit

    The U.S. service sector growth slowed slightly in November as supply and labor strains continued to hamper activity, data from a survey of purchasing managers showed Friday. Services Purchasing Managers' Index compiled by IHS Markit stood at 58.0 in November, down from 58.7 in October, but higher than the preliminary estimate of 57.0 and the 57.1 forecast from economists polled by The Wall Street Journal. The indicator suggests that the U.S. services sector continued to expand as...

  • U.S. Nonfarm Payrolls Up 210K in November, Unemployment Rate 4.2% -- Update

    The U.S. economy added just 210,000 jobs in November, a slowdown in hiring that clouds a recovery amid new Covid-19 uncertainties. The slower pace of hiring last month--the smallest monthly gain since last December--followed an upwardly revised increase of 546,000 jobs in October, the Labor Department said Friday. The unemployment rate fell to 4.2% as more people joined the labor force, the department added.

  • Bostic Wants to Speed Up Fed's Asset Buying Taper; Quarles Says Fed Will Need to Raise Rates

    Raphael Bostic, the Federal Reserve Bank of Atlanta president, wants the Fed to wrap up the so-called taper of its asset-buying program sooner rather than later. "I think having this finish some time towards the end of the first quarter would be in our interest," he said. Meanwhile, in his final public appearance before he leaves the Fed at the end of the month, Randal Quarles said the central bank should prepare to raise interest rates because inflation was likely to stay above its 2%...

  • U.S. Nonfarm Payrolls Up 210K in November, Unemployment Rate 4.2%

    The U.S. added 210,000 jobs in November, and the unemployment rate fell to 4.2%. Slower hiring clouds a recovery that also faces new Covid uncertainties. (END) Dow Jones Newswires 12-03-21 0847 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • Turkey Annual Inflation Rose to Three-Year High in November

    Turkey's annual rate of inflation rose for the sixth consecutive month in November to a three-year high as a weaker lira and higher inflation expectations pushed prices up further. The consumer price index rose 21.31% in November compared with the same period of 2020, the Turkish statistics office Turkstat said Friday. Hotels, cafes and restaurants posted the biggest on-year increase, followed by the food and non-alcoholic beverages category, Turkstat data showed.

  • Unemployment Rate Seen Ticking Down Again -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 0830 Nonfarm Payrolls Nov +573 K +531 K 0830 Unemployment Rate Nov 4.5% 4.6% 0830 Avg.

  • Fed's Beige Book Reports Businesses Bracing for Higher Costs; Turkey's Central Bank Props Up Lira

    U.S. consumer spending was strong during the fall but it was held back by low inventories, the Federal Reserve said Wednesday in its Beige Book report. That left the U.S. economy growing at a "modest to moderate" pace, according to the periodic collection of business anecdotes from around the country. It also noted that businesses throughout the U.S. reported rising input costs and said they were passing them on to customers, and that most firms expect supply-chain disruptions to...

  • Brazil 3Q GDP Contracted 0.1% Vs. 2Q After Drought Hit Agriculture -- Update

    SÃO PAULO--Brazil's economy shrank in the third quarter from the previous three months, the second consecutive contraction, after a drought hit agricultural production and outweighed growth in the service sector. Gross domestic product expanded three quarters in a row starting from the third quarter of last year, rebounding from the worst period of the coronavirus pandemic, but Brazil's economy is now struggling to grow amid rapidly rising prices and the logistics...

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