Economy in Brief

• Rise in jobs slows after recovering from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million in [...]

German orders made a spectacular comeback in June, rising by 27.9% on the back of a 10.4% gain in May. Orders had fallen in February (-1.2%), March (-15.0%) and April (-26.1%) as the coronavirus began to dog Europe. Sequential order [...]

• Initial claims for state unemployment benefits fall to four-month low. • Continuing claims for state programs also ease. • Insured unemployment rate declines to four-month low. Initial claims for unemployment insurance declined to [...]

• Service sector activity is at highest level since February 2019. • Component activity is mixed. • Pricing power improves. The Composite Index of Nonmanufacturing Business Activity from the Institute for Supply Management increased [...]

SUBTT

• Service sector activity is at highest level since February 2019. • Component activity is mixed. • Pricing power improves. The Composite Index of Services Activity from the Institute for Supply Management increased to 58.1 during [...]

• Trade Deficit declines to $50.7 billion in June. • Exports rebound 9.4%; Imports rise 4.7%. • Exports remain 25.3% below February level; imports down 15.2%. The U.S. trade deficit in goods and services narrowed to $50.7 billion in [...]

• Employment slowdown is broad-based last month. • Earlier figures were revised significantly higher. Job market improvement was notably diminished during July. The ADP National Employment Report indicated that nonfarm private [...]