U.S. Economic News

January 7, 2021

U.S. Economic Indicators

Initial jobless claims fell 3,000 to 787,000 last week. The four-week moving average decreased 18,750 to 818,750. DOL Report

The U.S. trade deficit widened from $63.1 billion (revised) in October to $68.1 billion in November. The goods deficit rose by $5.0 billion while the services surplus fell by less than $0.1 billion. Census Bureau Report

The ISM Services Index rose 1.3 points to 57.2 in December, indicating continued growth in the services sector. The New Orders Index increased 1.3 points to 58.5, while the Employment Index fell 3.3 points to 48.2. ISM Report