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The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
The probability of the Fed keeping its target for the benchmark federal funds at a range of 4.25% to 4.5% rose to 97.3% on Friday, up from 93.6% a day ago. "Today's report serves as more evidence ...
A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy. US service sector activity accelerates to more than 2-year high Skip to main ...
The manufacturing sector of the U.S. economy has experienced substantial job losses over the past several years. [ 328 ] [ 329 ] In January 2004, the number of such jobs stood at 14.3 million, down by 3.0 million jobs (17.5%) since July 2000 and about 5.2 million since the historical peak in 1979.
Number of establishments by sector in the United States economy in 1997, 2002, and 2007. Value of sales, shipments, receipts, revenue, or business done by sector in the United States economy in 1997, 2002, and 2007. Annual payroll by sector in the United States economy in 1997, 2002, and 2007.
For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs report made that even more apparent. The US economy added 150,000 jobs last month. Here’s what ...
However, the goods producing sector, which includes manufacturing, would only add 219,000 jobs over that period, growing at a rate of 0.1%. [18] Manufacturing employment would fall from 12.3 million in 2016 to 11.6 million in 2026, a decline of 736,000. As a share of employment, manufacturing would fall from 7.9% in 2016 to 6.9% in 2026. [10]
WASHINGTON (Reuters) - U.S. services sector activity jumped to a 1-1/2-year high in September amid strong growth in new orders, more evidence that the economy remained on a solid footing in the ...