U.S. Economic News
July 6, 2017
U.S. Economic Indicators
Initial jobless claims rose 4,000 to 248,000 last week. The four-week moving average rose 750 to 243,000. DOL Report
The ADP Employment Report shows that private-sector employment increased by 158,000 jobs in June, below expectations of 180,000. The services sector added 158,000 jobs while the goods-producing sector added zero jobs. ADP Report
The ISM Non-Manufacturing Index edged up 0.5 percentage point to 57.4 in June. The new orders index rose 2.8 percentage points to 60.5, while the employment index decreased 2.0 percentage points to 55.8. ISM Report
The U.S. trade deficit fell from $47.6 billion in April (revised) to $46.5 billion in May. The goods deficit decreased $0.9 billion while the services surplus edged up $0.2 billion. Census Bureau Report