Source: Bureau of Economic Analysis The United States posted a wider trade deficit in March, as imports grew at a faster rate than exports during the month. QQQ is down 0.95%, while SPY is down 0.28%. The international trade in goods and services deficit stood at $109.8 billion, reflecting a 22.3% increase.The latest level reflects an increase in the goods deficit of … [Read more...] about US International Trade Deficit Widens to $109.8 Billion
USA
Manufacturing Growth Cools for Second Straight Month
Source: Institute for Supply Management The manufacturing sector expanded for the 23rd straight month of growth in April, but growth decelerated for the second consecutive month. QQQ is down 1.23%, while SPY is down 0.31%. The manufacturing PMI stood at 55.4 in April, 1.7 percentage points lower than 57.1 in March.A slowdown was recorded in nearly all indicators, except … [Read more...] about Manufacturing Growth Cools for Second Straight Month
Private Sector Jobs Growth Decelerates to Eight-Month Low
Source: ADP Private employment growth slipped to an eight-month low in April, driven by the decline recorded in small businesses. QQQ is down 0.88%, while SPY is down 0.26%. Private sector employment grew by 247,000 in April, lower than the 479,000 in March and 619,000 in the same month last year.The latest reading is the lowest increase in eight months since employment … [Read more...] about Private Sector Jobs Growth Decelerates to Eight-Month Low
US Job Openings Mark All-Time High as Hires Fall and Separations Increase
Source: Bureau of Labor Statistics Job openings in the United States extended the climb to carve a fresh all-time high in March, as hires declined while separations climbed. QQQ is up 0.25%, while SPY is up 0.82%. Total job openings stood at 11.549 million in March, the highest on record. This compares with 11.344 million in February and 8.480 million in March 2021.Bulk … [Read more...] about US Job Openings Mark All-Time High as Hires Fall and Separations Increase
US-Manufactured Goods Orders Post Slight Decline in February
Source: US Census Bureau Orders for manufactured goods made in the United States declined in February, following nine straight months of growth. QQQ is up 0.32%, while SPY is up 0.94%. New orders for the month stood at $542.0 billion in February, down by $2.7 billion or 0.5%.The latest figure follows the $544.7 billion orders recorded in January when it climbed by … [Read more...] about US-Manufactured Goods Orders Post Slight Decline in February
