Daily Brief: US Business Growth Surges to Five-Year High as PMIs Blow Past Forecasts
S&P Flash PMIs for September smashed expectations: manufacturing hit 57.0, services reached 58.7, and the composite climbed to 58.4 — the fastest...
Daily Brief: 7.3 Million Jobs Are Open. Where Are the Workers?
7.3M job openings, 162K new payrolls, but a quit rate near historic lows. The U.S. labor market is healthy on paper — so why won't anyone move? This...
Daily Brief: Factory Output Snaps Seven-Month Streak as Fed’s First Hike Since 2023 Lands
Industrial production flatlined at 0.0% in August, missing the 0.3% consensus, as manufacturing snapped a seven-month winning streak — two days after...
Daily Brief: Philly Fed Cools to 37.8 as Manufacturing Expansion Loses Steam
Philly Fed manufacturing index drops to 37.8 from 47.4. Jobless claims fall to 196K. Growth continues — just slower, with employment and prices...
Daily Brief: New York Factories Hit the Brakes — But Prices Are Still Running Hot as the Fed Convenes
The Empire State Manufacturing Index cratered 13 points to 7.6 as the FOMC opened its two-day meeting with an 88% chance of a rate hike. Manufacturing...
Daily Brief: 7.3 Million Job Openings Meet 349,000 Missing Construction Workers — The Labor Shortage Isn’t Going Anywhere
JOLTS shows 7.3M openings against 5.1M hires. Construction needs 349,000 workers. Manufacturing's humming. The structural labor shortage persists — and...
Daily Brief: NFIB Small Business Optimism Dips to 98.7 as Sales Weaken and Inflation Creeps Back
Small business optimism cooled to 98.7 in August — still above the 52-year average and ahead of consensus — but weakening sales and resurgent inflation...
Daily Brief: Quits Rate Hits 1.9% as 7.3M Openings and a Worker Shortage Leave the Labor Market Frozen
The quits rate hit 1.9% — the lowest in a decade — as 7.3M openings, a frozen labor force, and 349K needed construction workers reveal a market that...
Daily Brief: ADP Shows Just 38K Jobs Added in August as Hiring Slows to a Crawl
Private employers added just 38,000 jobs in August — a 9,000 miss below consensus and the slowest month since January. Manufacturing shed 17,000....
Daily Brief: Factory Growth Hits the Brakes — S&P PMI Drops to 53.2 Ahead of Today’s ISM Reveal
S&P Global Manufacturing PMI slips to 53.2 as factory expansion cools. ISM and JOLTS data at 10 a.m. could confirm — or complicate — the picture.