U.S. Economic News
November 3, 2020
U.S. Economic Indicators
New factory orders for manufactured goods rose 1.1% in September following a 0.6% (revised) increase in August. New orders excluding transportation were up 0.5%, while new orders for nondefense capital goods excluding aircraft rose 1.0%. Census Bureau Report
U.S. News
Jeff Stein writes for the Washington Post that the next few months could see economic challenges intensify as coronavirus cases rise and winter weather exacerbates slowdowns in some of the hardest-hit U.S. industries. The challenges could be exacerbated by a post-election political gridlock that prevents passage of another round of stimulus and allows protections for renters, student borrowers, and unemployed workers to expire at the end of the year. WaPo