U.S. Economic News
November 4, 2020
U.S. Economic Indicators
The ADP Employment Report shows that private-sector employment increased by 365,000 jobs in October. The services sector gained 348,000 jobs, while the goods-producing sector gained 17,000 jobs. ADP Report
The ISM Services Index fell 1.2 points to 56.6 in October, indicating continued growth in the services sectors but at a slower pace than in September. The New Orders Index fell 2.7 points to 58.8, while the Employment Index decreased 1.7 points to 50.1. ISM Report
The U.S. trade deficit decreased from $67.0 billion (revised) in August to $63.9 billion in September. The goods deficit fell by $3.1 billion while the services surplus rose by less than $0.1 billion. Census Bureau Report