U.S. Economic News
November 1, 2018
U.S. Economic Indicators
The ISM Manufacturing Index declined 2.1 percentage points to 57.7 in October. The Employment Index fell 2.0 percentage points to 56.8 while the New Orders Index dropped 4.4 percentage points to 57.4. ISM Report
Construction spending inched up 0.1% in August to an annualized rate of $1.32 trillion. Public construction rose 2.0% while private construction fell 0.5%. Census Report
Nonfarm business sector labor productivity increased 2.2% in Q3 and was up 1.3% on the year. Hours worked increased 1.8% in Q3 and unit labor costs rose 1.2%. BLS Report
Initial jobless claims declined 2,000 to 214,000 last week. The four-week moving average increased 1,750 to 213,750. DOL Report