U.S. Economic News

December 8, 2020

U.S. Economic Indicators

The NFIB Small Business Optimism Index declined to 101.4 in November as six underlying components weakened and four improved. Plans to increase future employment improved modestly while overall expectations for future economic conditions deteriorated. NFIB Report

Nonfarm business sector labor productivity increased at an annual rate of 4.6% in Q3 (revised). Hours worked increased 37.1% while unit labor costs fell 6.6%. BLS Report