Job openings have surged at U.S. manufacturers of durable goods from machinery to cars in recent months, suggesting factories have plenty of demand despite recent tariff obstacles.
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday.
The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management.
Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration's 3 percent target this year.
U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell.
U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity.