News

Get the news you need to build your future. With insight from industry leaders, learn what’s happening and what’s coming next.

News

New Orders, New Export Orders, Imports and Employment Indexes Contract in July

In July, the U.S. manufacturing sector contracted for the fifth consecutive month and at a faster pace than the prior month, with the ISM Manufacturing® PMI decreasing to 48.0% from 49.0% in June. On the other hand, demand indicators improved in July, with the New Orders and Backlog of Orders Indexes contracting at a slower…

Read more
News

Employment-Population Ratio Decreases in July

Nonfarm payroll employment inched up by 73,000 in July, coming in below expectations. Meanwhile, June and May’s job gains were revised downward by a combined 258,000 to 14,000 and 19,000, respectively. The 12-month average stands at 128,000 job gains per month. The unemployment rate increased 0.1% to 4.2%, while the labor force participation rate edged…

Read more