Staffing Industry Analysts (12/18/20) Economists taking part in the biannual Livingston Survey ratcheted down their forecast for US gross domestic product growth in the first half of 2021. They now expect GDP to grow at an annualized rate of 3.7% in the first half of next year, down from their forecast in June of 7.2%. The survey is released by the Federal Reserve Bank of
Staffing Industry Analysts (12/7/2020) More moderate economic growth is ahead, according to the National Association for Business Economics’ Outlook report based on a survey of 48 professional forecasters. Despite being less upbeat over the near term, the report found 73% of panelists believe the US economy will be back to pre-Covid levels by the second half of 2021. “The NABE Outlook panel anticipates more moderate
IHS Markit News Release- December 1, 2020 November data signaled a notable improvement in the health of the U.S. manufacturing sector, according to IHS Markit. Overall growth was supported by faster upturns in output and new orders amid stronger domestic and foreign client demand. The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index posted 56.7 in November, up notably from 53.4 in October.
Staffing Industry Analysts- Novebmer 16, 2020 Economists downgraded their forecast for growth in US gross domestic product for the remainder of this year and the first nine months of 2021, according to the Philadelphia Federal Reserve’s Survey of Professional Forecasters for the fourth quarter. However, they don’t believe the US unemployment rate will be as high as forecast in their third-quarter report, and US payrolls
Staffing Industry Analysts- November 12, 2020 US jobless claims last week fell by the most in five weeks, Bloomberg reports. Initial jobless claims fell by 48,000 in the week ended Nov. 7 to a total of 709,000, which is below economists’ projections. The US labor market is showing a gradual recovery despite the recent surge in Covid-19 infections. However, Bloomberg noted the rebounding job market could
Institute for Supply Management News Release (11/02/2020) Economic activity in the manufacturing sector grew in October, according to the Institute for Supply Management. ISM’s purchasing managers index registered 59.3%, up from the September reading of 55.4% and the highest since September 2018 (59.3%). This figure indicates expansion in the overall economy for the sixth month in a row after a contraction in April, which ended
