Tag: economy

April 6, 2021

US Manufacturing Sector Index Races to 37-year High in March: ISM

US Manufacturing Sector Index Races to 37-year High in March: ISM

BY REUTERS   April 1, 2021 Updated: April 1, 2021   WASHINGTON—A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday itsRead More

April 2, 2021

Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring

Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring

PUBLISHED WED, MAR 31 20218:15 AM Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Private payrolls in March expanded at the fastest pace since September as anticipation of a strong economic rebound coupled with aggressive vaccination rates pushed companies to hire, according to a report Wednesday from payroll processing firm ADP. Companies added 517,000 workers for the month, a healthy spikeRead More

March 31, 2021

Consumer confidence surges to a pandemic high as hiring and the U.S. economy speed up

Consumer confidence surges to a pandemic high as hiring and the U.S. economy speed up

By Jeffry Bartash   U.S. consumer confidence index climbs to 109.7 from 90.4   The numbers: Consumer confidence surged in March to a one-year high as more Americans got vaccinated and the government doled out $1,400 stimulus checks in a boost to the economy. The index of consumer confidence shot up to 109.7 this month fromRead More

March 29, 2021

Global Steel Output Slowing Again

Global Steel Output Slowing Again

Steel production declined about -8.8% worldwide from January to February, with notable tonnage decreases in all of the largest producer nations, but the year-over-year result showed an encouraging 4.1% rise in output. MAR 25, 2021 Global steel production fell to 150.2 million metric tons during February, about 14.8 million metric tons or -8.8% less thanRead More
New US Jobless Claims Drop Below 700,000, 1st Time Since Pandemic: Gov’t

New US Jobless Claims Drop Below 700,000, 1st Time Since Pandemic: Gov’t

The drop of 97,000 from the prior's week's upwardly revised figure was much better than analysts forecast. Agence France-Presse MAR 25, 2021 New filings for regular unemployment benefits in the United States dropped to 684,000 last week, the government said Thursday, their first reading below 700,000 since the pandemic sparked mass layoffs. The drop ofRead More

March 15, 2021

Survey: 88% of Manufacturers Optimistic about 2021

Survey: 88% of Manufacturers Optimistic about 2021

The National Association of Manufacturers’ quarterly record of manufacturer optimism hit its highest point in two years. IW Staff MAR 09, 2021 Most U.S. manufacturers see clear skies ahead, according to a new survey released by the National Association of Manufacturers. A majority, 87.6% of 450 respondents, of small, medium and large businesses reported feelingRead More
Retail Will Grow Dramatically First Half of 2021

Retail Will Grow Dramatically First Half of 2021

"The supply chain slowdown we usually see after the holiday season never really happened this winter, and imports are already starting to grow again," said Jonathan Gold, of National Retail Federation. MH&L Staff MAR 09, 2021 As increased vaccination and continued in-store safety measures enable additional shopping options, imports at the nation’s largest retail containerRead More

March 1, 2021

Manufacturing in February: Rapid Growth Checked by Supply Hurdles

Manufacturing in February: Rapid Growth Checked by Supply Hurdles

According to the ISM, U.S. industry is still bedeviled by supply inconsistencies despite growing production and demand. Data from the Institute for Supply Management show that the manufacturing sector grew in February at a faster rate than it had in January. The ISM’s Purchasing Manager’s Index hit 60.8, 2.1 points higher than January’s 58.7. ARead More

February 3, 2021

January Manufacturing Sustains Growth, Supply Difficulties

January Manufacturing Sustains Growth, Supply Difficulties

The Industry for Supply Management’s manufacturing index fell to 58.7%. Ryan Secard FEB 02, 2021 The manufacturing sector continued growing for an eighth straight month in January as the Institute for Supply Management’s Purchasing Manager’s Index for sector growth fell 1.8 points to 58.7% compared to December. The overall economy also grew, sustaining a parallelRead More

February 1, 2021

US wages rise by 4% in fourth quarter, but loss of low-wage jobs affects average

US wages rise by 4% in fourth quarter, but loss of low-wage jobs affects average

Released on January 27, 2021 US workers’ wages rose by 4.4% in the fourth quarter with the average wage rising by $1.27 to $30.19 per hour, according to the ADP Research Institute’s Workforce Vitality report. But a look behind the number tells a different story. Average wage growth is higher than expected because of significantRead More