Economic News

U.S. Goods and Services Trade…

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $73.3 billion in September, up $7.6 billion from $65.7 billion i...

Real Average Earnings Decrease 0.1…

Real average hourly earnings for all employees decreased 0.1% from August to September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems f...

Long-term Unemployed Account for 18.5…

The number of long-term unemployed (e.g., those jobless for 27 weeks or more) was little changed at 1.1 million in September 2022. The long-term unemployed accounted for 18.5% of a...

International Trade Deficit $92.2 Billion…

The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for September 2022: Advance International Trade...

North American Transborder Freight up…

Total Transborder Freight by Border in August 2022, Compared to August 2021: Transborder freight between the U.S. and North American countries (Canada and Mexico) in August 2022: T...

U.S. Import Prices up 6.0…

Prices for U.S. imports rose 6.0% from September 2021 to September 2022, the smallest 12-month advance since the index rose 3.0% for the year ended February 2021. Prices for import...

FTR’s Shippers Conditions Index Stays…

FTR’s Shippers Conditions Index (SCI) remained positive in August improving to a 5.0 reading up from 4.5 in July. Core freight conditions — demand, capacity, utilization, and f...

Philadelphia Fed Reports Expanded Nonmanufacturing…

Nonmanufacturing activity in the region continued to expand overall, according to the firms responding to the October Nonmanufacturing Business Outlook Survey. The survey’s curr...

FHFA House Price Index Down…

House prices fell nationwide in July, down 0.6% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 1...