Economy News

Economy

US Manufacturing Sector Shows Signs of Weakness in March Amidst Declining PMI

US manufacturing activity weakened in March with the PMI dropping to 50.2, signaling the slowest growth this year. Experts point to fading optimism and challenges in the goods-prod...

Economy

US Construction Spending Sees a Notable Rise: 0.7% Increase in February

US construction spending rose by 0.7% in February, reaching $2.2 trillion, with private construction leading the growth. Residential construction saw a 1.3% increase, while public ...

Economy

US Manufacturing Sector Takes a Hit: PMI Drops to 49% in March Amid Demand Confusion

The US manufacturing sector contracted in March with PMI dropping to 49%, as demand confusion and tariffs impact new orders, production, and employment, while prices surge.

Economy

US Labor Market Holds Steady: 7.6 Million Job Openings in February Mirror January Figures

The US labor market showed stability in February with 7.6 million job openings, unchanged from January. The JOLTS report indicated steady hires and separations, with a quits rate r...

Economy

US Construction Spending Sees a Notable Rise: Up 0.7% in February, Signaling Strong Sector Growth

US construction spending rose to $2.2 trillion in March, up 0.7% from the previous month, with private construction leading the growth. Residential construction saw a 1.3% increase...

Economy

US Manufacturing Sector Contracts in March: PMI Drops to 49% Amid Demand Confusion

US manufacturing activity contracted in March with PMI dropping to 49%, as demand confusion and rising prices impact production and employment. Key indicators show significant decl...

Economy

February Sees Steady US Job Market with 7.6 Million Openings, Hiring Rates Unchanged

The US job market showed stability in February with 7.6 million job openings, unchanged from January. Hiring and separation rates remained steady, with the quits rate at 2%, reflec...

Economy

Federal Reserve's Barkin Warns: Bond Market Signals Rising Recession Fears Amid Economic Fog

Federal Reserve Bank of Richmond President Tom Barkin discusses the increasing recession risks indicated by the bond market, amid economic uncertainties and potential inflationary ...