U.S. Economic News

October 1, 2020

U.S. Economic Indicators

Initial jobless claims decreased 36,000 to 837,000 last week. The four-week moving average fell 11,750 to 867,250. DOL Report

Real disposable personal income declined 3.5% in August, while real personal consumption expenditures (PCE) rose 0.7%. The PCE price index rose 0.3% (up 1.4% Y/Y), and the core price index rose 0.3% (up 1.6% Y/Y). BEA Report

The ISM Manufacturing Index fell 0.6 point to 55.4 in September. The Employment Index rose 3.2 points to 49.6, while the New Orders Index fell 7.4 points to 60.2. ISM Report

Construction spending rose 1.4% in August to an annualized rate of $1.41 trillion. Private construction rose 1.9% while public construction ticked up 0.1%. Census Bureau Report