US economic news

CNC
Added On October 18, 2018

 The country's employers announced 200,000 new job openings in August. According to the U.S. Treasury, there were 7.1 million open job positions overall.

 
SUBTITLE: US JOB OPENINGS INCREASE
 
The U.S. job opening rate hit 4.6 percent in August while total private and government hiring rates remained virtually the same at 3.9 percent.
 
Businesses hired 5.8 million new employees in August and 67 million people over the past 12 months. 5.7 million people left their jobs in August. 64.7 million people left their work since August last year.
 
SUBTITLE: US INDUSTRIAL PRODUCTION RISES 0.3 PCT
 
According to a U.S. Federal Reserve report released on Tuesday, U.S. industry output expanded 0.3 percent in September.  Industrial production increased 0.3 percent last month after an unrevised 0.4 percent rise in August.
 
U.S. industrial production growth decreased by around 0.1 percentage points in September, due to the impact of Hurricane Florence.
 
Industrial output grew at an annualized rate of 3.3 percent in the third quarter, lower than 5.3 percent growth recorded in the second quarter, signaling a slightly weaker momentum in the U.S. economy.
   
SUBTITLE: US BUDGET DEFICIT RISES TO SIX-YEAR HIGH
 
The U.S. budget deficit has risen to 779 billion U.S. dollars, the highest level since 2012.
 
According to a report released by the U.S. Treasury Department on Monday, U.S. government spending grew by 3.2 percent compared with the previous fiscal year, while government receipts rose by only 0.4 percent.
 
The budget deficit as a share of U.S. GDP rose to 3.9 percent, up from 3.5 percent last fiscal year.
 
Analysts say the Trump administration's tax cuts and increased government spending contributed to the rise.