Tag US

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U.S. Private Payrolls Lower Than Expected in January

According to Automatic Data Processing Inc. (ADP), private sector payrolls in the United States rose by only 106,000 in January, which is the lowest level since January 2022. The increase was lower than analysts’ expectations of 178,000 jobs after surging…

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US Manufacturing Contracts for Third Month in a Row

S&P Global reported that the final US manufacturing purchasing managers’ index (PMI) increased to 46.9 in January from 46.2 in December and above the preliminary reading of 46.8. Despite the rise, the index remained below the 50 level, indicating a…

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Consumer Spending Drops in December, Falling Short of Expectations

According to the US Commerce Department, American consumer spending decreased by 0.2% in December, missing analysts’ predictions of a 0.1% decline. This follows a 0.1% decrease in November. On the other hand, consumer income rose 0.2% in December, meeting analysts’…

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US Inflation Slows as PCE Index Increases by 5% in December

According to data released by the US Commerce Department, the Personal Consumption Expenditure (PCE) index, which includes food and energy, rose by 5% in December compared to the previous year. This marks the lowest level of inflation since September 2021…

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US Durable Goods Orders Rose More than Expected in December

According to the US Commerce Department, orders for durable goods in the United States rose 5.6% in December, surpassing expectations. These orders include items such as aircrafts, cars, and large machinery with a lifespan of three years or more. This…

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US Initial Jobless Claims Dropped Last Week

Initial jobless claims in the United States fell last week, according to a report from the Labor Department. The number of claims dropped 6,000 to a seasonally adjusted 186,000, surprising analysts who had expected an increase to 205,000. This is…

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