October Construction Spending Down; ISM Index Contracts for 1st Time Since 2020

Construction spending dipped in October, the Commerce Department reported Thursday, with slight increase in public construction offset by a decline in private construction. Separately, the Institute for Supply Management, Phoenix, reported its Manufacturing Report on Business fell for the first time in two and a half years.

Jobs Reports: ‘Great Resignation’ Starting to Fade

In the first two of four major jobs reports this week, ADP, Roseland, N.J., said private-sector employment slowed to 127,000 jobs in November. And the Bureau of Economic Analysis reported November job openings fell by more than 7 percent from a year ago.

Economic Report Roundup: Inflation Pushes Up; Initial Claims Rise

The Bureau of Labor Statistics on Thursday reported its Consumer Price Index rose by 0.4 percent in September to an annual rate of 8.2 percent. Separately, the Labor Department reported initial claims for unemployment insurance rose for the second straight week.

September Producer Price Index Up 0.4%

The Producer Price Index, a key measure of wholesale inflation, rose by 0.4 percent in September after falling in August and July, the Bureau of Labor Statistics reported on Wednesday.

Employment Show Signs of Slowing

Non-farm employment slowed to 263,000 jobs in September, the Bureau of Labor Statistics reported Friday, while the unemployment rate fell back to pre-pandemic levels.

Employers Add 315,000 August Jobs

July job growth slowed from June, the Bureau of Labor Statistics said on Friday—but analysts said that’s not necessarily a bad thing.

July Job Openings Overwhelm Pool of Available Workers

In the first of four major employment reports this week, the Bureau of Labor Statistics reported job openings rose to 11.2 million as of the end of July, more than double the pool of available workers.

July Consumer Prices Stabilize; Rise 8.5% Annually

The Consumer Price Index, a closely watched measure of inflation, was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the Bureau of Labor Statistics reported Wednesday. Over the past 12 months, the all-items index increased by 8.5 percent before seasonal adjustment.