Week in review: September 4, 2026
8 releases this week: ADP private payrolls rose 38,000 in August; JOLTS openings 7.271 million in July; ISM manufacturing PMI 54.6 in August; prices index unchanged at 71.1; Dallas Fed Texas production index 16.1 in August; activity index 11.6; and 5 more. 30 figures below, each with the source it came from and whether it was found there.
ADP private payrolls rose 38,000 in August; JOLTS openings 7.271 million in July
ADP reported private-sector employment increased by 38,000 jobs in August after July was revised to 46,000. BLS JOLTS, released September 1, put job openings at 7.271 million in July, or a 4.4 percent openings rate, after June was revised to 7.182 million. Hires were 5.054 million and quits 3.056 million. The two prints come from separate surveys and cover different months.
- Private payrolls, monthly change
- 38,000
- Job openings
- 7,271,000
- Job openings rate
- 4.4%
- Hires
- 5,054,000
- Quits
- 3,056,000
Source: ADP National Employment Report: Private-Sector Employment Increased by 38,000 Jobs in August — ADP. Also: BLS JOLTS release.
all 5 figures found at the source
- found Private payrolls, monthly change = 38,000 — at ADP
- found Job openings = 7,271,000 — via FRED JTSJOL
- found Job openings rate = 4.4% — at ADP
- found Hires = 5,054,000 — via FRED JTSHIL
- found Quits = 3,056,000 — via FRED JTSQUL
ISM manufacturing PMI 54.6 in August; prices index unchanged at 71.1
ISM's August manufacturing PMI was 54.6, compared with 55.6 in July and a 55.2 consensus. New orders were 53.7 from 56.7, employment 51.2 from 52.8, and the prices index was unchanged at 71.1.
- ISM manufacturing PMI
- 54.6
- New orders
- 53.7
- Employment
- 51.2
- Prices
- 71.1
Source: ISM Manufacturing PMI Report — Institute for Supply Management.
all 4 figures found at the source
- found ISM manufacturing PMI = 54.6 — at Institute for Supply Management
- found New orders = 53.7 — at Institute for Supply Management
- found Employment = 51.2 — at Institute for Supply Management
- found Prices = 71.1 — at Institute for Supply Management
Dallas Fed Texas production index 16.1 in August; activity index 11.6
The Dallas Fed Texas Manufacturing Outlook Survey, released August 31, said the production index increased six points to 16.1 in August. The general business activity index was 11.6, compared with 1.3 in July. The new orders index was 22.0. The company outlook index was 19.2, compared with 13.4 in July.
- Production index
- 16.1
- General business activity index
- 11.6
- New orders index
- 22.0
- Company outlook index
- 19.2
Source: Texas Manufacturing Outlook Survey, August 2026 — Federal Reserve Bank of Dallas.
all 4 figures found at the source
- found Production index = 16.1 — at Federal Reserve Bank of Dallas
- found General business activity index = 11.6 — at Federal Reserve Bank of Dallas
- found New orders index = 22.0 — at Federal Reserve Bank of Dallas
- found Company outlook index = 19.2 — at Federal Reserve Bank of Dallas
July factory orders rose 0.9 percent to $663.6 billion
The Census Bureau said new orders for manufactured goods increased 0.9 percent in July to $663.6 billion, after a 0.2 percent decrease in June. Unfilled orders were $1,600.3 billion. Inventories were $966.9 billion.
- New orders for manufactured goods, monthly change
- 0.9%
- New orders, level
- $663.6B
- Unfilled orders, level
- $1,600.3B
- Inventories, level
- $966.9B
Source: Monthly Full Report on Manufacturers' Shipments, Inventories, & Orders, July 2026 — U.S. Census Bureau.
all 4 figures found at the source
- found New orders for manufactured goods, monthly change = 0.9% — at U.S. Census Bureau
- found New orders, level = $663.6B — at U.S. Census Bureau
- found Unfilled orders, level = $1,600.3B — at U.S. Census Bureau
- found Inventories, level = $966.9B — at U.S. Census Bureau
Construction spending $2,157.6 billion in July, down 0.5 percent
Census estimated July construction spending at a $2,157.6 billion seasonally adjusted annual rate, 0.5 percent below the revised June estimate of $2,167.7 billion and 3.8 percent below the July 2025 estimate of $2,242.6 billion. Private residential construction was $859.0 billion.
- Construction spending, annual rate
- $2,157.6B
- Monthly change
- -0.5%
- Year-ago change
- -3.8%
- Construction spending, July 2025
- $2,242.6B
- Private residential, annual rate
- $859B
Source: Monthly Construction Spending, July 2026 — U.S. Census Bureau. Also: C30 release (PDF).
all 5 figures found at the source
- found Construction spending, annual rate = $2,157.6B — at U.S. Census Bureau
- found Monthly change = -0.5% — at U.S. Census Bureau
- found Year-ago change = -3.8% — at U.S. Census Bureau
- found Construction spending, July 2025 = $2,242.6B — at U.S. Census Bureau
- found Private residential, annual rate = $859B — at U.S. Census Bureau
Barr said 2022 inflation peaked above 7 percent; target remains 2 percent
Governor Barr said on September 1 that inflation remains too high after a 2022 peak above 7 percent and that if inflation is not moderating toward the 2 percent target the Committee should raise rates at the September 15-16 meeting. New York Fed President Williams told CNBC on September 2 he would wait and see whether current policy is sufficient to bring inflation back to target.
- Inflation peak, 2022
- 7%
- Federal Reserve inflation target
- 2%
Source: Speech by Governor Barr — Board of Governors of the Federal Reserve System. Also: Williams CNBC interview.
all 2 figures found at the source
- found Inflation peak, 2022 = 7% — at Board of Governors of the Federal Reserve System
- found Federal Reserve inflation target = 2% — at Board of Governors of the Federal Reserve System
Beige Book: 10 Districts reported growth; prices rose moderately in 8
The September 2 Beige Book, prepared from information collected on or before August 24, said economic activity increased modestly since early July. Ten of the twelve Federal Reserve Districts reported growth in the slight to moderate range and two Districts reported no change. Prices increased moderately in eight Districts.
- Districts reporting growth
- 10
- Districts reporting no change
- 2
- Districts with moderate price increases
- 8
Source: Beige Book national summary, September 2026 — Board of Governors of the Federal Reserve System.
all 3 figures found at the source
- found Districts reporting growth = 10 — at Board of Governors of the Federal Reserve System
- found Districts reporting no change = 2 — at Board of Governors of the Federal Reserve System
- found Districts with moderate price increases = 8 — at Board of Governors of the Federal Reserve System
10-year Treasury yield 4.79 percent, 30-year 5.27 percent on Sept. 1
The Federal Reserve H.15 selected interest rates release put the 10-year Treasury yield at 4.79 percent and the 30-year at 5.27 percent on September 1. The 2-year was 4.39 percent.
- 10-year Treasury yield
- 4.79%
- 30-year Treasury yield
- 5.27%
- 2-year Treasury yield
- 4.39%
Source: H.15 Selected Interest Rates — Board of Governors of the Federal Reserve System.
all 3 figures found at the source
- found 10-year Treasury yield = 4.79% — at Board of Governors of the Federal Reserve System
- found 30-year Treasury yield = 5.27% — at Board of Governors of the Federal Reserve System
- found 2-year Treasury yield = 4.39% — at Board of Governors of the Federal Reserve System
Items report what the named sources published in the window; they are not this site's own findings, and a source's framing is not a verdict on who owns the money supply. Figures are as those sources printed them. The methodology says how this page is made and what is checked.