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Private sector employers in the U.S. added the most jobs during March in more than two years, according to figures released Wednesday, while a separate reported showed economic activity in the service sector has eased a bit.
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While the U.S. trade deficit increased to a six-month high in February, U.S. exports seem to finally be turning around for the better. Meanwhile, the nation’s service sector improved again last month, and a final report on manufacturing offers hope for this freight-significant indicator.
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New factory orders and shipments rebounded at least somewhat in January, while measures of business investment and inventories also improved, according to new Commerce Department figures.
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Orders and shipments of factory-made goods were down in a report out Thursday, but earlier reports based on more recent activity indicates conditions may be on the verge of brightening.
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The latest reading on the health of the nation’s non-manufacturing/service sector of the economy shows it starting the year with slower growth. A separate report shows consumers aren’t paying much heed to recent volatility in financial markets as Federal Reserve officials begin a two-day meeting.
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Shipments of manufactured goods in the U.S. increased slightly in November, according to a new and full government report, while new orders posted its third decline in the last four months.
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The underlying fundamentals of the U.S. economy are better than, or at least nowhere near as bad as, the panic that set into Wall Street starting late last week and extended into Monday, according to several newly released reports.
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Even as service sector growth surged in July, a lackluster employment report is leading to more speculation on whether the Federal Reserve will raise interest rates at its September meeting.
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UPDATED -- Economic Watch: Consumers are not feeling quite as rosy about the U.S. economy, while a separate report shows a rebound in economic conditions for the U.S. services sector.
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Economic activity in the nation’s service sector inched higher in June after hitting a 13-month low in May, according to a survey of the nation’s supply executives. Another report shows non-manufacturing growth slowed last month.
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