Transportation Economy News Updates

Growth in U.S. service industries cooled in March for a second month as orders settled back from the fastest pace in more than 12 years, a survey from the Institute for Supply Management showed April 4.

Companies added more workers than forecast to U.S. payrolls in March, signaling the job market remains robust, according to data released April 4 from the ADP Research Institute in Roseland, N.J.

The security reasons given by the White House for imposing tariffs on Europe make no sense, the prime minister of Denmark said as he questioned the underlying logic of U.S. trade policy.

China will respond to any tariffs imposed by the U.S. against alleged violations of intellectual property rights with the same proportion, scale and intensity, said its U.S. ambassador Cui Tiankai.

Stock prices opened the second quarter with another sharp decline April 2 as investors grew increasingly worried about the rising U.S. trade dispute with China and a flurry of problems hammering the nation’s marquee technology firms.

Spending on U.S. construction projects ticked up a mere 0.1% in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways.

U.S. factories expanded at a slightly slower pace in March, and a measure of raw-material prices hit an almost seven-year high, as manufacturers struggled to keep up with demand, data from the Institute for Supply Management showed April 2.

Consumer sentiment in March reached the highest level since 2004 as a solid labor market and growth expectations offset concerns about tariffs and stock-market volatility, a University of Michigan survey showed March 29.

Consumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017 surge. Inflation, meanwhile, ticked up.

U.S. filings for unemployment benefits unexpectedly fell last week to the lowest level since January 1973, further evidence that the labor market remains tight, Labor Department figures showed March 29.