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

Mortgage Applications Drop Significantly in Latest MBA Survey

Recent data shows a 9.7% decline in mortgage applications, reflecting a dip in both refinancing and purchase activity as rates stabilize.

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...