11212017Tue
Last updateTue, 21 Nov 2017 4pm

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U.S. Jobless Claims Rose by More Than Expected

The number of U.S. workers filing new claims for jobless benefits jumped 34,000 last week, government data on Thursday showed, reflecting seasonal volatility typical at this time of year.

Initial claims for state unemployment insurance benefits rose to a seasonally adjusted 406,000 in the week ended July 19, from a revised 372,000 the prior week, the Labor Department said.

Source: Reuters

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Welcome Back U.S. Manufacturing

The falling dollar, high fuel and energy prices, and rising labor costs in traditionally low-wage markets have some manufacturers rethinking how far they're willing to extend their supply chains. Over the past year, a handful of companies have publicly acknowledged that cost pressures factored into their decisions to move production back home.

Source: Industry Week

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Modest Decline in Nonresidential Construction Activity Anticipated in 2008 with More Dramatic Drop in 2009

As the nonresidential sector has experienced cutbacks in demand for new space, the projections for construction activity for new nonresidential facilities are for a mild decline in 2008, with a more significant downturn in 2009.

The two largest institutional categories, healthcare and education facilities, should see a slight increase this year and could help offset some of the losses in the other project categories.

Source: American Institute of Architects

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Guess What? Manufactured Good Trade with FTAs Moves into Surplus for the First Time

The National Association of Manufacturers (NAM) announced today that manufactured goods trade with U.S. free trade agreement (FTA) partners has moved into surplus for the first time. 

“This is huge, and people need to take notice,” said NAM President John Engler.  “Contrary to the widely-held view that our trade agreements are the cause of the U.S. trade deficit, FTAs are actually the brightest part of our trade picture.

Source: NAM

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Weak Dollar Helps Shrink Trade Deficit

The United States trade deficit narrowed in May as exports, including industrial supplies and consumer goods, climbed to records.

The latest snapshot of trade activity, reported by the Commerce Department, showed that the nation’s trade gap decreased to $59.8 billion, largely because of the declining dollar.

Source: Associated Press

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