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New orders for manufactured goods increased 0.9% in July after inching down 0.2% in June. Meanwhile, new orders for manufactured goods rose 6.5% over the year. When excluding transportation, new orders moved up 0.6% over the month and climbed 6.9% year-over-year in July. Orders for durable goods stepped up 1.1%, after rising 0.6% in June.

In August, Texas factory activity expanded at a faster pace after strengthening the prior month. The production index increased from 10.1 to 16.1, remaining above the series average of 9.6. The new orders and capacity utilization indices both climbed above their series averages, rising from 6.4 to 22.0 and from 5.9 to 12.8, respectively. Meanwhile…

Job openings for manufacturing increased by 79,000 to 580,000 in July. At the same time, the June job openings level of 501,000 was revised upward from 481,000 in the previous report. Durable goods openings in July jumped 76,000 to 429,000, while nondurable goods openings ticked up 2,000 to 151,000. The manufacturing job openings rate rose…

Nonfarm payroll employment increased by 162,000 in August, coming in above expectations. Meanwhile, June’s job gain was revised upward by 11,000 to 31,000 jobs, while July’s job loss was revised upward by 44,000 to a gain of 21,000 jobs. The 12-month average stands at 50,250 job gains per month. Leisure and hospitality exhibited the largest…