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There are largely overlooked nuggets of information buried in the numbers about the economy and trucking that could be the most telling sign of where conditions are headed, writes Evan Lockridge in his Econ Watch column from the March issue of Heavy Duty Trucking magazine.
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Job growth in the U.S. posted another healthy gain in February, according to a new Labor Department report, leading many analysts to predict an interest rate hike by the Federal Reserve when it meets next week.
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While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.
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An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.
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Economic activity in the nation’s manufacturing sector continued expanding in February, according to two surveys of the nation’s purchasing managers. One report shows conditions are the best in two years while the other indicates things are slightly cooler than they were at the beginning of 2017.
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The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.
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There are increasing signs the U.S. economy is gaining momentum in the first quarter of the year with gains in home sales and consumer confidence, but it is also fueling speculation that interest rates could head higher as soon as next month.
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The value of freight moved between the U.S. and its border neighbors increased in December for the third time in five months following a string of declines, according to new figures released Thursday by the Transportation Department.
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A preliminary look at economic conditions in the U.S. manufacturing sector during February shows they improved at a slightly slower pace than the 22-month peak seen during January.
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Three new economic reports add to increasing evidence the U.S. economy will have a better overall first quarter of the year than the final three months of 2016.
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