【US economic data】US non-farm payrolls added 57k jobs in June, below expectations | US unemployment rate fell to 4.2% in June

Bureau of Labor Statistics reported that non-farm payrolls in June fell to 57k, below the expected 115k, with the May figure revised down from 172k to 129k. The unemployment rate during the period fell from 4.3% to 4.2%.

For the week ending June 27, initial jobless claims were 215k, below the market expectation of 220k, with the previous week's figure revised from 215k to 216k. For the week ending June 20, continuing claims were 57k, an increase of 2,000 week-over-week, versus the market expectation of an increase of 1,000 to 115k.

===Data for July 1===

The "small non-farm" ADP employment change for June was 98k, below the expected 118k, with the May figure unchanged at 122k.

Data from Challenger, Gray & Christmas showed that US companies announced 45,849 job cuts in June, down 53% month-over-month and down 4% year-over-year.

===Data for June 25===

The US PCE price index rose 4.1% year-over-year in May, in line with market expectations, the highest since April 2023, and rose 0.4% month-over-month, below the expected 0.5%, with the previous figure at 0.4%; core PCE rose 3.4% year-over-year, in line with expectations, with the previous figure at 3.3%, and rose 0.3% month-over-month, also in line.

For the week ending June 20, initial jobless claims were 215k, below the market expectation of 225k, with the previous week's figure revised from 226k to 227k. For the week ending June 13, continuing claims were 172k, an increase of 21k week-over-week, versus the market expectation of an increase of 5,000 to 129k.

The second revision of Q1 GDP was revised up from the previous 1.6% to 2.1%.

===Data for June 17===

US retail sales rose 0.9% month-over-month in May, above the market expectation of 0.6% and April's 0.4%; business inventories rose 0.5% month-over-month in April, in line with market expectations.

US pending home sales rose 3.8% month-over-month in May, far above the expected 0.9%, with the previous figure at 0.3%.

===Data for June 12===

The University of Michigan consumer sentiment index for June preliminary was 48.9, above the expected 46, with the previous figure at 44.8. One-year inflation expectations preliminary were 4.6, below the expected 4.9, with the previous figure at 4.8. Five-year inflation expectations preliminary were 3.4, below the expected 3.9, with the previous figure also at 3.9.

===Data for June 10===

US May PPI rises 6.5% year-over-year, above expectations, highest in over three years; core rises 4.9%, below expectations

US May PPI rose 6.5% year-over-year, above the expected 6.4%, with the previous figure revised from 6% to 5.7%, and rose 1.1% month-over-month, above the expected 0.7%, with the previous figure revised from 1.4% to 1.1%. Core PPI rose 4.9% year-over-year, below the expected 5.4%, with the previous figure revised from 5.2% to 4.9%, and rose 0.4% month-over-month, below the expected 0.5%, with the previous figure revised from 1% to 0.7%.

===Data for June 10===

US May CPI rises 4.2% year-over-year, highest in three years

US inflation data broadly in line with expectations. May headline CPI rose 4.2% year-over-year, in line with expectations, with the previous figure at 3.8%, and rose 0.5% month-over-month, in line, with the previous figure at 0.6%. Core CPI rose 2.9% year-over-year, in line with expectations, with the previous figure at 2.8%, and rose 0.2% month-over-month, below the expected 0.3%, with the previous figure at 0.4%.

===Data for June 5===

US May non-farm payrolls fall to 172k, beating expectations | May unemployment rate holds at 4.3%

Bureau of Labor Statistics reported that non-farm payrolls in May fell to 172k, but still above the expected 89k, with the April figure revised up sharply from 115k to 179k, and the March figure revised up from 185k to 214k. The unemployment rate held at 4.3%.

===Data for June 3===

US May services PMI rebounds to 54.5, beating expectations | May ADP adds 122k, above expectations

US ISM services index rose from 53.6 in April to 54.5 in May, above the market expectation of 53.9; the services price index rose from 70.7 to 71.3, slightly below the expected 72; the new orders index unexpectedly rose from 53.5 in April to 57.3 in May, versus the market expectation of a decline to 55; the May ISM employment index edged down from 48 in April to 47.9, missing the market expectation of 48.5.

The "small non-farm" ADP employment change for May was 122k, slightly above the expected 118k, with the April figure revised down from 109k to 105k.

===Data for May 28===

US April PCE rises 0.4% month-over-month, below expectations | Q1 GDP revised down to 1.6%, missing expectations

US April PCE price index rose 3.8% year-over-year, in line with market expectations, and rose 0.4% month-over-month, below the expected 0.5%, with the previous figure at 0.7%; core PCE rose 3.3% year-over-year, also in line with expectations, with the previous figure at 3%, and rose 0.2% month-over-month, also below the expected 0.3%.

For the week ending May 23, initial jobless claims were 215k, above the market expectation of 211k, with the previous week's figure revised from 209k to 210k. For the week ending May 16, continuing claims were 215k, an increase of 15k week-over-week, versus the market expectation of an increase of 13k to 220k.

US April personal income was flat month-over-month, below the expected 0.4% and the previous figure of 0.5%; personal spending rose 0.5% month-over-month, in line with expectations, with the previous figure at 1%.

The second revision of US Q1 2026 GDP was revised down from the previous 2% to 1.6%. By component, Q1 personal consumption expenditure growth was revised down 0.2 percentage points to 1.4%, while gross private domestic investment was revised down sharply by 1.7 percentage points to 7%.

===Data for May 24===

US consumer confidence declines, price concerns intensify

US consumer confidence edged down in May as the Iran war pushed up prices, and consumers' views of current economic conditions fell.

The Conference Board's consumer confidence index fell 0.7 points to 93.1, while the previous month's figure was revised up, with the Bloomberg survey median of economists' estimates at 92.

The present situation index fell 3.2 points to a three-month low, while the expectations index for the next six months rose to 74.4 in May.

This report further shows that US consumers' anxiety about high living costs is intensifying. Although the job market remains broadly stable with few signs of mass layoffs, the recent surge in fuel prices is particularly weighing on low-income households.

The report showed that two-thirds of consumers reported cutting spending due to price increases. When asked about changes in spending habits, many respondents said they were buying fewer goods, delaying large purchases, and switching to cheaper alternatives.

Another consumer sentiment indicator from the University of Michigan last week showed that US consumer confidence fell to a record low in May, with long-term inflation expectations deteriorating significantly and views on personal finances worsening. Dana Peterson, chief economist at the Conference Board, said in a statement: "Consumer confidence edged down in May as the inflationary impact of the Middle East war intensified."

===Data for May 22===

US consumer confidence falls to record low; University of Michigan consumer sentiment only 44.8

The University of Michigan Surveys of Consumers said that consumer confidence fell to a record low in May due to the US-Iran war and high oil prices heightening public concerns about rising prices.

The consumer sentiment index fell from a preliminary 48.2 to 44.8, also well below April's final reading of 49.8.

Joanne Hsu, director of the Surveys of Consumers, said in a statement: "Consumer confidence has declined for the third consecutive month as the Strait of Hormuz supply disruption continues to push up gasoline prices. The current sentiment index is now slightly below the historic trough set in June 2022. Critically, consumers appear to fear that inflation will intensify and spread beyond fuel prices, even in the long run."

In fact, one-year inflation expectations rose from 4.7% last month to 4.8%, well above the 3.4% in February before the war. Long-term inflation expectations are expected to rise to 3.9%, up from 3.5% in April.

===Data for May 21===

US May manufacturing PMI preliminary at 55.3, above expectations | Initial jobless claims fall to 209k

US May S&P Global US Manufacturing PMI preliminary was 55.3, above the expected 53.8, with the previous figure at 54.5. Services PMI preliminary was 50.9, below the expected 51.2, with the previous figure at 51.

Additionally, for the week ending May 16, initial jobless claims were 209k, below the expected 210k, with the previous week's figure revised from 211k to 212k. For the week ending May 9, continuing claims were 215k, broadly in line with the market expectation of 216k, with the previous figure revised from 1.81M to 1.81M.

===Data for May 14, 2026===

For the week ending May 9, initial jobless claims were 211k, above the market expectation of 205k, with the previous week's figure revised from 200k to 199k. For the week ending May 2, continuing claims were 98k, an increase of 24k week-over-week, versus the market expectation of an increase of 22k to 1.78 million.

Driven by rising oil prices, US April export price index rose 3.3% month-over-month, well above the market expectation of 1.2%.

US April retail sales rose 0.5% month-over-month, in line with market expectations.

===Data for May 13, 2026===

The Iran war continues, and US factory price pressures have increased sharply. April PPI surged 1.4% month-over-month, far exceeding the expected 0.5%, pushing factory price inflation over the past year to 6%, a three-year high. Excluding energy and food, the month-over-month increase was 1%, above the expected 0.3%, putting factory price inflation over the past year at 5.2%.

The report noted that nearly 60% of the overall increase in final demand prices in April could be attributed to higher service prices:

Final demand services: The index rose 1.2% in April.

• Trade services: Two-thirds of the overall increase in services came from a 2.7% jump in final demand trade services margins (the trade index measures changes in margins charged by wholesalers and retailers). The margin for machinery and equipment wholesaling surged 3.5%, a key driver.

• Transportation and warehousing: Final demand transportation and warehousing service prices also rose significantly, up 5.0% month-over-month.

Final demand goods: The index rose a further 2% in April after rising 1.9% in March.

• Energy goods: More than three-quarters of the increase in goods came from a 7.8% surge in final demand energy prices. Within this, gasoline prices soared 15.6% month-over-month, contributing over 40% of the increase in goods.

• Food and other: Final demand food prices edged up 0.2% (egg prices plunged 49.7%); core goods prices excluding food and energy rose 0.7%.

===Data for May 12, 2026===

US April CPI rises 3.8% year-over-year, above expectations | April core CPI rebounds to 2.8%, above expectations

US April inflation data generally exceeded expectations. Headline CPI year-over-year growth widened to 3.8%, month-over-month growth slowed 0.3 percentage points to 0.6%. Core CPI rose 2.8% year-over-year, 0.2 percentage points higher than March's 2.6%, and also higher than the expected 2.7%. Month-over-month growth also rose from 0.2% in March to 0.4%, above the expected 0.3%.

===Data for May 8, 2026===

April unemployment rate 4.3%

Bureau of Labor Statistics reported that non-farm payrolls in April fell to 115k, but still above the expected 65k, with the previous figure revised up from 178k to 185k. The unemployment rate held at 4.3%.

===Data for May 7, 2026===

US weekly initial jobless claims rise to 200k, below expectations | April layoffs rise 38% month-over-month to 83k

For the week ending May 2, initial jobless claims were 200k, below the market expectation of 205k, with the previous week's figure revised from 189k to 190k. For the week ending April 25, continuing claims were 118k, a decrease of 10k week-over-week, versus the market expectation of an increase of 24k to 1.8 million.

Data from Challenger, Gray & Christmas showed that US companies announced 83k job cuts in April, up 38% month-over-month and down 20.7% year-over-year.

The firm said the technology sector was the hardest hit in April, with 33k layoffs, and the government sector also cut 9,149 jobs.

===Data for May 6, 2026===

US April ADP employment change rebounds to 109k, below expectations

The "small non-farm" ADP employment change for April was 109k, slightly below the expected 120k, with the March figure revised down from 62k to 61k.

===Data for May 5, 2026===

US April ISM services index falls to 53.6, below expectations | March JOLTS job openings fall to 122k, above expectations

US March trade deficit widened to $60.3 billion, slightly below the market expectation of $61 billion, with the previous figure at $57.8 billion.

US March imports rose 2.3% month-over-month, below the expected 2.7% and the previous figure of 4.4%; exports rose 2% month-over-month, above the market expectation of 1.9%, with the previous figure revised down to 4.1%.

US April services PMI final was revised down from the preliminary 51.3 to 51.

US March new home sales rose 7.4% month-over-month to 682k units, above the expected 652k; February new home sales rose 8.9% month-over-month to 635k units, slightly below the market expectation of 636k, with the previous figure revised down to 583k.

US April ISM services index fell from 54 in March to 53.6, slightly below the expected 53.7; the services price index held at 70.7, below the market expectation of 73.5; the new orders index plunged from 60.6 in March to 53.5, well below the expected 57.3; the employment index rose to 48, but below the expected 48.3.

US March JOLTS job openings fell from 215k in February to 225k, slightly above the expected 6.85 million.

===Data for May 4, 2026===

US March factory orders rise 1.5% month-over-month, above expectations

US March factory orders rose 1.5% month-over-month, above the market expectation of 0.5% and the previous figure of 0.3%.

===Data for May 1, 2026===

US April ISM manufacturing index at 52.7, below expectations; price index at over 4-year high

US April ISM manufacturing index was 52.7, below the expected 53.2, with the previous figure at 52.7. The manufacturing prices paid index rose to 84.6, the highest since April 2022, also above the expected 80, with the previous figure at 78.3. The manufacturing employment index was 46.4, below the expected 48.8, with the previous figure at 48.7. The manufacturing new orders index was 54.1, below the expected 54.5, with the previous figure at 53.5.

Additionally, the April S&P Global US Manufacturing PMI final was 54.5, higher than the preliminary 54.

===Data for April 30, 2026===

Q1 GDP preliminary estimate grows 2%, driven by private investment and consumption | March PCE price index rises 3.5% | Initial jobless claims fall to 189k

US Q1 GDP preliminary estimate grew 2%, missing the expected 2.3%, with the previous figure at 0.5%. Personal consumption growth fell from 1.9% to 1.6%, but still above the expected 1.4%, contributing 1.08 percentage points to GDP. Private investment contributed 1.48 percentage points, government spending contributed 0.73 percentage points, but net exports offset 1.3 percentage points.

US March PCE price index rose 3.5% year-over-year, in line with market expectations, and rose 0.7% month-over-month, in line, with the previous figure at 0.4%; core PCE rose 3.2% year-over-year, also in line with expectations, with the previous figure at 3%, and rose 0.3% month-over-month, in line.

For the week ending April 25, initial jobless claims were 189k, below the market expectation of 212k, with the previous week's figure revised from 214k to 215k. For the week ending April 18, continuing claims were 226k, a decrease of 23k week-over-week, versus the market expectation of an increase of 10,000 to 227k.

===Data for April 29, 2026===

The Energy Information Administration (EIA) reported that crude oil inventories unexpectedly fell by 1.82M barrels last Friday (24th), versus the market expectation of an increase of 300k barrels, and the previous figure was an increase of 21k barrels.

US March durable goods orders preliminary rose 0.8% month-over-month, above the expected 0.5%.

US March retail inventories rose 0.7% month-over-month, above the expected 0.1% and the previous figure of 0.3%.

US March housing starts reached 1.81M units, above the expected 1.38 million and February's 172k.

===Data for April 28, 2026===

The Conference Board consumer confidence index for April unexpectedly rose from 92.2 in March to 92.8, versus the market expectation of a decline to 89.

===Data for April 23, 2026===

April S&P Global US Manufacturing PMI was 54, above the expected 52.5, with the previous figure at 52.3; Services PMI was 51.3, above the expected 50.6, with the previous figure at 49.8; Composite PMI was 52, above the expected 50.6, with the previous figure at 50.3.

Additionally, US weekly initial jobless claims were 214k, above the expected 210k, with the previous week's figure revised up from 207k to 208k. For the week ending April 11, continuing claims were 172k, above the expected 89k, with the previous figure revised down from 115k to 179k.

===Data for April 14, 2026===

US March PPI rises 0.5% month-over-month, below expectations | March core PPI rises 0.1% month-over-month

US March PPI year-over-year growth accelerated from 3.4% in February to 4%, but below the expected 4.6%. Month-over-month, it rose 0.5%, also below the market expectation of 1.1%, with the previous figure at 0.5%. March core PPI rose 3.8% year-over-year, the same as February, below the expected 4.1%. Month-over-month, it rose 0.1%, also below the expected 0.4% and the previous figure of 0.2%.

===Data for April 10, 2026===

The US released its first inflation data after the US-Iran conflict. March headline CPI year-over-year growth rose from 2.4% in February to 3.3%, slightly below market expectations. Month-over-month growth rose 0.6 percentage points to 0.9%, in line with expectations. Core CPI rose 2.6% year-over-year, also below the market expectation of 2.7%; month-over-month, it rose 0.2%.

===Data for April 9, 2026===

The US February PCE price index rose 2.8% year-over-year, the same as January, in line with market expectations. Month-over-month, it rose 0.4%, in line, with the previous figure at 0.3%; core PCE rose 3% year-over-year, also in line, with the previous figure at 3.1%, and rose 0.4% month-over-month, in line.

US February personal income fell 0.1% month-over-month, below the expected increase of 0.3%. Personal spending rose 0.5% month-over-month, slightly below the expected 0.6%.

For the week ending April 4, initial jobless claims were 219k, above the market expectation of 210k, with the previous week's figure revised from 202k to 203k. For the week ending March 28, continuing claims were 185k, a decrease of 42k week-over-week, versus the market expectation of a decrease of only 3,000 to 214k.

The second revision of US Q4 GDP was a quarterly increase of 0.5%, another downward revision from the previous first revision of 0.7%.

===Data for April 8, 2026===

US February durable goods orders preliminary fell 1.4% month-over-month, below the expected decline of 1.2%, with the previous figure at 0%.

===Data for April 3, 2026===

US March non-farm payrolls add 178k, unemployment rate falls to 4.3%

Bureau of Labor Statistics reported that non-farm payrolls in March added 178k, and the unemployment rate fell to 4.3%.

Employment changes by industry:

• Healthcare: +76k (partly due to doctors returning to work after strikes ended)
• Construction: +26k
• Transportation and warehousing: +21k (mainly from courier and messenger services)
• Social assistance: +14k

Industries with employment declines:

• Federal government: Continued contraction, -18k. Since peaking in October 2024, federal government employment has decreased by 355k.
• Financial activities: -15,000

Data revisions:

• January: Revised up from +126k to +160k
• February: Revised down from -92k to -133k

Report download

===Data for April 1, 2026===

March ADP employment change adds 62k, above expectations

The "small non-farm" ADP employment change for March was 62k, above the expected 40k, with the February figure revised up from 63k to 66,000.

===Data for March 31, 2026===

US February JOLTS job openings fall to 122k, missing expectations | March Conference Board consumer confidence rises to 91.8, above expectations

US February JOLTS job openings fell from 7.24 million in January to 122k, slightly below the market expectation of 6.89 million.

US March MNI Chicago PMI fell from 57.7 in February to 52.8, well below the market expectation of 55; March Conference Board consumer confidence rose from 91 in February to 91.8, well above the market expectation of 87.9.

US January FHFA house price index rose 0.1% month-over-month, in line with expectations, with the previous figure at +0.3%.

===Data for March 19, 2026===

US February PPI rose 3.4% year-over-year, above the expected 2.9%, and rose 0.7% month-over-month, also above the market expectation of 0.5%; February core PPI rose 3.9% year-over-year, above the expected 3.7%, and rose 0.5% month-over-month, also above the expected 0.3%.

===Data for March 13, 2026===

The US released the revised Q4 GDP estimate at 0.7%, below the estimated 1.4%, with the government shutdown in October being the main factor dragging down GDP growth.

US January PCE price index year-over-year growth edged down from 2.9% in December to 2.8%, below the market expectation of 2.9%. Month-over-month, it rose 0.3%, in line with expectations; core PCE year-over-year growth rose from 3% in December to 3.1%, in line with market expectations, and rose 0.4% month-over-month, also in line.

US January personal income rose 0.4% month-over-month, below the expected 0.5%. Personal spending rose 0.4% month-over-month, slightly above the expected 0.3%.

US March University of Michigan consumer sentiment preliminary was 55.5, above the expected 55, with the previous figure at 56.6. One-year inflation expectations preliminary were 3.6%, above the expected and prior 3.4%.

===Data for March 12, 2026===

For the week ending March 7, initial jobless claims were 213k, below the market expectation of 215k, with the previous week's figure revised from 213k to 214k. For the week ending February 28, continuing claims were 1.85 million, a decrease of 21k week-over-week, in line with market expectations.

US January housing starts rose 7.2% month-over-month to 118k units, above the market expectation of 1.34 million; building permits fell from 109k in December to 105k, below the expected 1.42 million.

===Data for March 11, 2026===

US February inflation data all in line with expectations. Headline CPI year-over-year growth held at 2.4%, month-over-month growth rose 0.1 percentage point to 0.3%. Core CPI year-over-year held at 2.5%, but month-over-month growth fell 0.1 percentage point to 0.2%.

===Data for March 6, 2026===

US February non-farm payrolls plunge by 92k, far below expectations; unemployment rate rises to 4.4%

US February non-farm employment fell by 92k, well below the expected increase of 55k, with January revised down from 130k to 126k. The February unemployment rate was 4.4%, above the expected and January's 4.3%. Additionally, non-farm payrolls for December and January were revised down by a combined 69k.

US employment report download

===Data for March 5, 2026===

US companies announce 55% fewer layoffs in February at 48k | Weekly initial jobless claims hold at 213k, below expectations

Data from Challenger, Gray & Christmas showed that US companies announced 48,307 job cuts in February, down 55% month-over-month and down 72% year-over-year.

The firm's chief commercial officer Andy Challenger said: "The decline in layoffs in February eases the elevated job cut plans seen since the start of the year. As the US becomes embroiled in the Iran war, more layoff plans may emerge late in the first quarter as companies tighten their belts amid uncertainty and rising costs."

The technology sector had the most layoffs of any industry, at 11k. Additionally, the education sector laid off 5,417 people in February.

Separately, US weekly initial jobless claims held at 213k, below the expected 215k; continuing claims were 215k, above the expected 211k and the previous figure of 209k.

===Data for March 4, 2026===

The US released the "small non-farm" ADP data for February, showing employment increased by 63k, above the expected 50k, with the January figure revised down from 22,000 to 11,000.

===Data for February 25, 2026===

There are signs of rising US inflation expectations. The latest January PPI rose 2.9% year-over-year, above the expected 2.6%, and rose 0.5% month-over-month, also above the market expectation of 0.3%; core PPI rose 3.6% year-over-year, higher than December's 3.3% and the expected 3%.

===Data for February 24, 2026===

US December FHFA house price index rises 0.1% month-over-month, below expectations

US December FHFA house price index rose 0.1% month-over-month, below the expected 0.3%, with the previous figure revised up from 0.6% to 0.7%. Additionally, the US December S&P/CS 20-city composite house price index rose 1.38% year-over-year, broadly in line with market expectations, with the previous figure revised up from 1.39% to 1.42%. Month-over-month, it rose 0.47%, above the expected 0.3%, with the previous figure revised up from 0.47% to 0.53%.

===Data for February 20, 2026===

US Q4 GDP preliminary estimate only rises 1.4% | PCE price index rises 0.4% month-over-month, above expectations

The Fed's preferred inflation gauge, the December PCE price index, came in above market expectations. Headline PCE rose 0.4% month-over-month, above the expected 0.3%, and rose 2.9% year-over-year, higher than the expected 2.8%; core PCE rose 0.4% month-over-month, also above the expected 0.3%, and rose 3% year-over-year, above the expected 2.9%.

The US Q4 GDP preliminary estimate was 1.4%, below the market expectation of 2.8%. Q4 GDP growth was primarily driven by increases in consumer spending and investment; however, these gains were offset by declines in government spending and exports.

===Data for February 19, 2026===

US initial jobless claims fall to 206k, below expectations | December trade deficit widens to $70.3 billion, among largest deficits since 1960

For the week ending February 14, initial jobless claims were 206k, below the market expectation of 225k, with the previous week's figure revised from 227k to 229k. For the week ending February 7, continuing claims were 210k, an increase of 17k week-over-week, versus the market expectation of 1.86 million.

Additionally, the Commerce Department reported that the goods and services trade deficit in December widened to $70.3 billion from the previous month. The full-year trade deficit totaled $901.5 billion, still one of the largest deficits since records began in 1960. The US trade deficit in 2024 was $903.5 billion.

===Data for February 13, 2026===

US January CPI rises 2.4% year-over-year, below expectations

The US reported January CPI rose 2.4% year-over-year, below the market expectation of 2.5%, and rose 0.2% month-over-month, also below the market expectation of 0.3%; core CPI rose 2.5% year-over-year, in line with expectations, and rose 0.3% month-over-month, also in line with market expectations.

===Data for February 11, 2026===

US January unemployment rate fell from 4.4% in December to 4.3%, below the expected 4.4%. Non-farm payrolls added 130k, above the expected 65k, with the previous figure revised up to 48k.

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Notably, the private sector added as many as 172k jobs, but the government sector reduced 42k jobs, resulting in a net increase of only 130k.

The US introduced a large-scale federal employee buyout program early in President Trump's second term, aiming to allow employees who are unwilling to continue in the Trump administration, or who do not accept the "return to office" requirement, or who fear future forced layoffs, to leave in a more gentle way, still receiving salary and benefits for 6-8 months. The relevant names officially left the federal payroll in January.

===Data for February 7, 2026===

US December import price index rises 0.1% month-over-month, in line with expectations | December export price index rises 0.3% month-over-month, above expectations

ADP reported that for the week ending January 24, businesses added 6,500 jobs. The US December import price index rose 0.1% month-over-month, in line with expectations; the export price index rose 0.3% month-over-month, above the expected 0.1%.

US November business inventories rose 0.1% month-over-month, below the expected 0.3% and the previous figure of 0.2%.

===Data for February 6, 2026===

February University of Michigan consumer sentiment preliminary rises to 57.3, above expectations; one-year inflation expectations fall to 3.5%, a 13-month low

US February University of Michigan consumer sentiment preliminary was 57.3, a six-month high, above the expected 55, with the previous figure at 56.4. One-year inflation expectations preliminary were 3.5%, below the expected and prior 4%, and a 13-month low. Five-year inflation expectations preliminary were 3.4%, slightly above the expected and prior 3.3%.

===Data for February 5, 2026===

US companies lay off 108k in January, surging over 200% month-over-month | Weekly initial jobless claims rise to 231k, above expectations

Data from Challenger, Gray & Christmas showed that US companies announced 108k job cuts in January, surging over 200% month-over-month and nearly 120% year-over-year. Weekly initial jobless claims also came in well above market expectations.

The firm said January layoffs were the highest for that month since 2009. Chief commercial officer Andy Challenger said: "The first quarter usually sees a lot of layoffs, but the January numbers are so high that these plans were likely set in place as early as late 2025, reflecting that employers are not optimistic about the 2026 outlook."

The transportation sector had the most layoffs of any industry at 31k, mainly due to UPS (UPS) announcing 30k layoffs after ending its partnership with Amazon (AMZN). The technology sector also cut over 22,000 jobs in January, most of which came from Amazon, which earlier announced 16k layoffs to restructure its management.

Additionally, US weekly initial jobless claims rose from 209k to 231k, above the expected 212k; continuing claims were 1.79M, below the expected 1.85 million and the previous figure of 15k.

===Data for February 4, 2026===

December ADP adds 22,000, missing expectations | US weekly mortgage applications fall 8.9%

The Mortgage Bankers Association (MBA) reported that the 30-year fixed mortgage rate fell from 6.24% to 6.21%, with weekly mortgage applications down 8.9%.

The US released the "small non-farm" ADP data for December, showing employment increased by 22k, below the expected 45k.

===Data for January 31, 2026===

January S&P Global US Manufacturing PMI final rises to 52.4

The January S&P Global US Manufacturing PMI final was 52.4, above the preliminary 51.9. The US January ISM Manufacturing Index was 52.6, above the expected 48.5, with the previous figure at 47.9. The prices paid index was 59, new orders surged to 57.1 from a revised 47.4, and employment was 48.1, all higher than December's data.

===Data for January 30, 2026===

US December PPI rises 0.5% month-over-month, above expectations | December core PPI rises 0.7% month-over-month

US December PPI rose 0.5% month-over-month, above the expected 0.2%, and core PPI rose 0.7% month-over-month, also above the expected 0.2%. Year-over-year, December PPI rose 3%, above the expected 2.8%, and core PPI rose 3.3%, above the expected 2.9%.

===Data for January 29, 2026===

US weekly initial jobless claims fall to 209k, below expectations | US November factory orders rise 2.7% month-over-month, beating expectations

US weekly initial jobless claims fell from 210k to 209k, below the expected 205k. Continuing claims were 13k, below the expected 1.78M and the previous figure of 209k.

The US November trade deficit widened from $29.2 billion in October to $56.8 billion, well above the expected $44.5 billion; US November exports fell 3.6% month-over-month, worse than the expected decline of 1.7%, with the previous figure revised up to +3%.

US November imports rose 5% month-over-month, well above the expected 2.3%; US November factory orders rose 2.7% month-over-month, beating the expected 1.6%, with October at -1.3%.

===Data for January 27, 2026===

US consumer confidence at over 11-year low

The Conference Board reported January consumer confidence index plunged from 94.2 to 84.5, below the expected 91, a more than 11-year low.

November FHFA house price index rose 0.6%, above the expected 0.3%, with the previous figure at 0.4%.

S&P CS 20-city index rose 1.39% year-over-year, above the expected 1.2%, with the previous figure at 1.32%.

===Data for January 23, 2026===

US January S&P Manufacturing PMI rebounds to 51.9 | January University of Michigan consumer sentiment final revised up to 56.4, one-year inflation forecast revised down to 4%

US January S&P Manufacturing PMI was 51.9, slightly below the market expectation of 52, above December's 51.8; Services PMI held at 52.5, also below the expected 52.9.

US January University of Michigan consumer sentiment final was revised up from a preliminary 54 to 56.4, with one-year inflation forecast final revised down from a preliminary 4.2% to 4%.

===Data for January 22, 2026===

PCE inflation all in line with expectations, month-over-month only 0.2% | Q3 GDP revision revised up to 4.4% | Weekly initial jobless claims edge up to 200k

The Fed's preferred inflation gauge, November PCE price index, all in line with expectations. Headline PCE rose 0.2% month-over-month, up 2.8% year-over-year, core PCE rose 0.2% month-over-month, up 2.8% year-over-year.

US Q3 GDP revision revised up from 4.3% to 4.4%.

US weekly initial jobless claims edged up from 199k the previous week to 200k, below the market expectation of 210k. Continuing claims for the prior week fell to 209k, below the expected 210k.

===Data for January 20, 2026===

ADP: US adds 8,000 jobs per week

ADP reported that for the four weeks ending December 27, businesses added an average of 8,000 jobs per week.

===Data for January 15, 2026===

US weekly initial jobless claims fall to 198k

US weekly initial jobless claims fell from 207k to 198k, below the expected 215k. Continuing claims were 211k, below the expected 212k and the previous figure of 1.78M.

US January New York Fed manufacturing index rose from -3.7 in December to 7.7, above the market expectation of 1.

===Data for January 14, 2026===

The US reported November PPI rose 3% year-over-year, above the market expectation of 2.7%, and rose 0.2% month-over-month, in line with expectations; core PPI rose 3.5% year-over-year, also above the expected 2.9%, and was flat month-over-month, below the expected 0.2%.

US November retail sales rose 0.6% month-over-month, above the expected 0.5%.

===Data for January 13, 2026===

US December core CPI rises 0.2% month-over-month, below expectations

The US reported December CPI rose 2.7% year-over-year, in line with market expectations, and rose 0.3% month-over-month, also in line; core CPI rose 2.6% year-over-year, below the expected 2.7%, and rose 0.2% month-over-month, below the expected 0.3%.

===Data for January 9, 2026===

US December unemployment rate falls from 4.6% in October to 4.4%

US December unemployment rate fell from 4.6% in October to 4.4%, below the expected 4.5%. Non-farm payrolls added 50k, below the expected 70k, with the previous figure revised down to 56k.

US January University of Michigan consumer sentiment rose from 52.9 in December to 54, above the market expectation of 53.5.

===Data for January 8, 2026===

US weekly initial jobless claims rise to 208k

US weekly initial jobless claims rose from 200k to 208k, below the expected 212k. Continuing claims were 1.79M, above the expected 1.9 million and the previous figure of 1.78M.

The US October trade deficit narrowed sharply to $29.4 billion, below the market expectation of $58.7 billion, with the previous figure at $48.1 billion.

Data from Challenger, Gray & Christmas showed that US companies announced 35k job cuts in December, down 50% month-over-month and down 8% year-over-year.

The firm said that in the full year, companies announced 1.78M job cuts, up 58% year-over-year, the highest since 2020. However, the firm's chief commercial officer Andy Challenger said: "The number of announced layoff plans in December was the lowest of the year. While December is typically a slow month, given the increase in hiring plans, this is a positive sign after the wave of layoffs."

The government sector had the most layoffs of any industry, at 308k, surging 7 times year-over-year, mainly concentrated in the federal government. But the layoff wave was concentrated in the first quarter, with government layoffs in the remaining nine months from Q2 to Q4 totaling less than 29k.

Among private sector firms, the technology sector led in layoff numbers for the year, at 154k, up 15% year-over-year. The firm said: "Over-hiring in the past decade plus other factors, along with the AI transition far outpacing other industries, led to a wave of job losses in the sector."

===Data for January 7, 2026===

The US released the "small non-farm" ADP data for December, showing employment increased by 41k, below the expected 50k, with the November figure revised from a decrease of 32k to a decrease of 29,000.

===Data for January 5, 2026===

US December ISM manufacturing index misses expectations

US December ISM manufacturing index came in at 47.9, below the expected 48.4, with the previous figure at 48.2. The new orders index was 47.7, employment index 44.9, and prices index 58.5.