Economy

Weekly Initial Claims for Unemployment Rise, Average Reaches Lowest Level Since April 2024

Initial unemployment claims rose to 208,000, but the four-week average dropped to its lowest level in nearly six months, indicating labor market resil...

Economy

Service Sector Shows Steady Growth as ISM Index Hits 54.4% in December

The ISM® Services index rose to 54.4% in December, indicating continued expansion in the services sector and the first employment growth in seven mont...

Economy

U.S. Job Openings Dip to 7.1 Million in November Amid Stable Labor Metrics

November saw job openings decline to 7.1 million, reflecting minimal hiring changes and stable quit rates year-over-year.

Banking

Light Vehicle Sales Increased to 16.0 Million SAAR in December

The BEA reported that light vehicle sales were at 16.0 million in December on a seasonally adjusted annual basis (SAAR). This was up 1.9% from the sal...