Results include
Economic Indicators
Jun 2, 2023
Bottom Line: Nonfarm payrolls rose sharply more than expected in May, and there were positive revisions to prior months. The three-month average of payroll gains rose from 222k to 283k as the trend rate of job growth was stable at...
May 5, 2023
Bottom Line: Nonfarm payrolls rose more than expected in April, but there were negative revisions to prior months that more than offset the better headline reading. The three-month average of payroll gains fell from 345k to 222k as the trend...
Jul 6, 2023
Bottom Line: ISM's survey-based index of the services sector rose sharply more than expected in June as employment rose amid accelerating new orders. When available prior to the nonfarm payroll report, the employment component of this services survey is a...
Aug 30, 2023
Bottom Line: ADP reported lower-than-expected hiring in August, but there were positive revisions to prior data, which had already surprised expectations four months running. This report has had a waning correlation with nonfarm payrolls in the national employment report (due...
Aug 29, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply lower job openings in July and negative revisions to prior data. Moreover, the quit rate continued to trend lower, following the trend in openings. While the level of openings...
Aug 17, 2023
Bottom Line: The Philadelphia Fed's Manufacturing survey was sharply higher than expected, rising to levels suggesting expansion for the first time in a year. New orders led the gains as shipments rose for the second time in three months. Nearly...
Aug 3, 2023
Bottom Line: ISM's survey-based index of the services sector fell slightly more than expected in July but remained at levels suggested modest to moderate growth. New order growth was moderate, and backorders rose for the first month in six as...
Aug 3, 2023
Bottom Line: The Bureau of Labor Statistics reported an even stronger-than-expected rebound in productivity, the first increase yearly increase since 4Q21, as output increased 2.4% and hours worked decreased 1.3% annualized in the 2nd Quarter. The decline in hours worked...
Aug 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers edged slightly higher in July but was still below expectations and firmly in contraction territory. On the plus side, manufacturers reported notably slower declines in new orders and production levels. But inventories...
Aug 1, 2023
Bottom Line: The Job Openings Layoffs and Turnover Survey showed sharply lower job openings in June, and (unlike in May) there were downward revisions to previously reported openings. Importantly, the quit rate, which had been ticking surprisingly higher again, resumed...
Jul 20, 2023
Bottom Line: The Philadelphia Fed's Manufacturing survey was lower than expected, firmly in contraction territory for the 13th month in the last 14. The details, including current new orders and shipments, were as weak as the headline. Input price pressures...
Apr 11, 2024
Every April, we celebrate Community Banking Month through a series of BID articles that showcase the efforts of local banks to serve their communities, support their staff, and enrich the customer experience. In this second of four articles in our Community Banking Stories series, we highlight examples of community banks supporting educational initiatives.
Apr 10, 2024
Once again, economic data is filled with sunshine, but general market sentiment continues to function as cloud cover. We discuss consumer sentiment, the housing market, and the general economy.
Feb 1, 2024
According to a new NFIB survey, pessimism prevails among small business owners. We discuss the challenges that small businesses noted in the survey and the potential impact on CFIs.
Dec 29, 2023
In this final holiday reprint, we return to the topic of economy from this March 28 article: There are more ways than one to discern whether the US economy is in or headed for a recession. Instead of looking for the usual suspects, here are eight unconventional indicators that a recession is coming.
Oct 4, 2023
Emerging technologies and changing work arrangements are increasing the banking industry’s abilities to better serve disabled people — both customers and employees alike. We highlight new inclusive innovations within the industry that CFIs should consider taking advantage of.
Sep 21, 2023
This is the second part of our summary of the FDIC 2023 Risk Review. We take a closer look at the FDIC’s findings on potential credit risks for the banking industry and community financial institutions.
Sep 20, 2023
The FDIC recently published its 2023 Risk Review. In the first article of this two-part series, we summarize the report highlights related to the economic, financial markets, and banking industry conditions over the past year. We also discuss key market, operational, and climate-related financial risks and their potential impact on CFIs.
Aug 17, 2023
Attracting qualified candidates for your CFI may mean the need to revisit how your organization has traditionally approached recruitment. We dive into the benefits of looking for skilled talent outside the banking industry and how to draw those workers to your institution.
Aug 7, 2023
Colleges are often a key economic driver for their surrounding towns and cities because they attract spending power, encourage innovation, and drive demand. We explore these drivers and discuss some of the opportunities available for CFIs in college towns.