U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.
Author: Reade Pickert
Share of Small Businesses Planning Higher Pay Nears Record
As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.
US New-Home Sales Post Two Best Months in More Than 12 Years
Buyers snapped up new U.S. homes over the past two months at the fastest pace in more than 12 years, adding to signs of sturdy housing demand amid lower prices and borrowing costs.
US Jobless Claims Decrease More Than Estimated to 211,000
Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy.
US Productivity Unexpectedly Posts First Decline Since 2015
Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift.
GM Strike May Shave Tens of Thousands From October Payrolls
The October jobs report is poised to take a hit from the 46,000 striking General Motors Co. employees.
GM Strike May Shave Tens of Thousands From October Payrolls
The October jobs report is poised to take a hit from the 46,000 striking General Motors Co. employees.
Americans Are Unhappy at Work After Years of Economic Gains
The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.
Trade Gap With China Narrows as Exports Hit Five-Month High
The United States’ merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of goodwill from the Asian nation as the countries try to resolve their trade war.
Factory Gauge Hits 10-Year Low as Employment Wobbles
A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.