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South Korea's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2022, the Bank of Korea said in Thursday's final reading - in line with expectations following the 0.7 percent growth in the three months prior.

The U.S. dollar shed ground against its major counterparts on Wednesday, weighed down by some weak economic data, and Fed Chair Jerome Powell's comments that the central bank might scale back the pace of its interest rate hikes as soon as December.

After previously describing U.S. economic growth as modest, the Federal Reserve's latest Beige Book said economic activity has been "about flat or up slightly" since mid-October.

Remarks by Federal Reserve Chair Jerome Powell on Wednesday provided further evidence the central bank plans to slow its aggressive pace of interest rate hikes as soon as next month. Powell noted during a speech at a hybrid Brookings Institution event that the full effects of the Fed's rapid rate increases have yet to be felt.

Pending home sales in the U.S. decreased for the fifth consecutive month in October, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index tumbled by 4.6 percent to 77.1 in October after plunging by 8.7 percent to a revised reading of 80.8 in September.

MNI Indicators released a report on Wednesday showing Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of November. The report showed the Chicago business barometer tumbled to 37.2 in November from 45.2 in October, with a reading below 50 indicating a contraction.

Job Offers in the United States decreased to 10334 Thousand in October from 10687 Thousand in September of 2022. Job Offers in the United States averaged 5069.36 Thousand from 2000 until 2022, reaching an all time high of 11855 Thousand in March of 2022 and a record low of 2232 Thousand in July of 2009. In the United States, job openings refer to all positions that are open (not filled) on the last business day of the month. Job openings are part of the Job Openings and Labor Turnover Survey (JOLTS). The survey collects data from around 16400 nonfarm establishments including retailers and manufacturers, as well as federal, state, and local government entities in the 50 states and the District of Columbia. The JOLTS assesses the unmet demand for labor in the U.S. labor market and gained attention in 2014 as favorite labor market indicator of Federal Reserve Chair Janet Yellen.

Job Quits in the United States decreased to 4026 Thousand in October from 4061 Thousand in September of 2022. Job Quits in the United States averaged 2766.64 Thousand from 2000 until 2022, reaching an all time high of 4510 Thousand in November of 2021 and a record low of 1555 Thousand in August of 2009. Job quits are voluntary separations initiated by the employee. The quits rate is computed by dividing the number of quits by employment and multiplying that quotient by 100. This page includes a chart with historical data for the United States Job Quits.

Pending Home Sales in the United States decreased 37 percent in October of 2022 over the same month in the previous year. Pending Home Sales in the United States averaged 0.54 percent from 2002 until 2022, reaching an all time high of 52.70 percent in April of 2021 and a record low of -37 percent in October of 2022. The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Pending Home Sales MoM in the United States increased to -4.60 percent in October from -8.70 percent in September of 2022. Pending Home Sales MoM in the United States averaged 0.02 percent from 2001 until 2022, reaching an all time high of 41.90 percent in May of 2020 and a record low of -30.30 percent in May of 2010. The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions. This page includes a chart with historical data for the United States Pending Home Sales MoM.

Chicago PMI in the United States decreased to 37.20 points in November from 45.20 points in October of 2022. Chicago PMI in the United States averaged 54.85 points from 1967 until 2022, reaching an all time high of 81 points in November of 1973 and a record low of 20.70 points in June of 1980. The Chicago PMI (ISM-Chicago Business Barometer) measures the performance of the manufacturing and non-manufacturing sector in the Chicago region. The Index is computed from five weighted raw indexes: Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) and then seasonally adjusted to support month-to-month comparisons. A reading above 50 indicates an expansion; below 50 represents a contraction; while 50 indicates no change. Chicago PMI is released one day before the ISM Manufacturing Index.

The United States will co-host the second Summit for Democracy during March 29-30, 2023, with Costa Rica, the Netherlands, South Korea, and Zambia. This diverse group of co-hosts underscores the universal desire for accountable, transparent, and rights-respecting governance. Building on the first Summit for Democracy held in December 2021, this gathering will demonstrate how democracies deliver

Revised data released by the Commerce Department on Wednesday unexpectedly showed the U.S. economy grew by more than previously estimated in the third quarter. The report said real gross domestic product spiked by 2.9 percent in the third quarter compared to the previously reported 2.6 percent surge. Economists had expected the pace of GDP growth to be unrevised.

Private sector job growth in the U.S. fell well short of economist estimates in the month of November, payroll processor ADP revealed in a report released on Wednesday. ADP said private sector employment increased by 127,000 jobs in November after surging by an unrevised 239,000 jobs in October. Economists had expected employment to jump by another 200,000 jobs.

Germany's unemployment increased more than expected in November as energy crisis and weaker demand dampened activity particularly in the manufacturing sector. The number of people out of work increased by 17,000, which was larger than economists' forecast of 13,000 and also October's rise of 9,000, data from the Federal Labor Agency revealed Wednesday.

GDP Deflator in the United States increased to 128.18 points in the third quarter of 2022 from 126.91 points in the second quarter of 2022. GDP Deflator in the United States averaged 56.21 points from 1950 until 2022, reaching an all time high of 128.18 points in the third quarter of 2022 and a record low of 12.85 points in the first quarter of 1950. The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.

Consumer Spending in the United States increased to 14159.90 USD Billion in the third quarter of 2022 from 14099.50 USD Billion in the second quarter of 2022. Consumer Spending in the United States averaged 6186.12 USD Billion from 1950 until 2022, reaching an all time high of 14159.90 USD Billion in the third quarter of 2022 and a record low of 1403.69 USD Billion in the first quarter of 1950. Consumer Spending refers to private expenditure on goods and services and is a major component of the GDP.

The stocks of goods held by firms in the United States increased by 49.60 USD Billion in the third quarter of 2022. Changes in Inventories in the United States averaged 33.57 USD Billion from 1950 until 2022, reaching an all time high of 214.53 USD Billion in the first quarter of 2022 and a record low of -252.76 USD Billion in the second quarter of 2020. In the United States, changes in inventories are often a leading indicator for the overall performance of the economy. United States Changes in Inventories

Gross Fixed Capital Formation in the United States decreased to 3544.50 USD Billion in the third quarter of 2022 from 3581.90 USD Billion in the second quarter of 2022. Gross Fixed Capital Formation in the United States averaged 2532.13 USD Billion from 1995 until 2022, reaching an all time high of 3628.62 USD Billion in the first quarter of 2022 and a record low of 1215.60 USD Billion in the second quarter of 1995.

Government Spending in the United States increased to 3404.90 USD Billion in the third quarter of 2022 from 3379.50 USD Billion in the second quarter of 2022. Government Spending in the United States averaged 2121.77 USD Billion from 1950 until 2022, reaching an all time high of 3412.86 USD Billion in the fourth quarter of 2021 and a record low of 599.63 USD Billion in the first quarter of 1950. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

GDP Constant Prices in the United States increased to 20039.40 USD Billion in the third quarter of 2022 from 19895.30 USD Billion in the second quarter of 2022. GDP Constant Prices in the United States averaged 9359.59 USD Billion from 1950 until 2022, reaching an all time high of 20039.40 USD Billion in the third quarter of 2022 and a record low of 2186.37 USD Billion in the first quarter of 1950. United States GDP Constant Prices

The Gross Domestic Product (GDP) in the United States expanded 1.90 percent in the third quarter of 2022 over the same quarter of the previous year. GDP Annual Growth Rate in the United States averaged 3.14 percent from 1948 until 2022, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -8.40 percent in the second quarter of 2020. The United States is the world

Corporate Profits in the United States decreased to 2517.40 USD Billion in the third quarter of 2022 from 2522.60 USD Billion in the second quarter of 2022. Corporate Profits in the United States averaged 573.95 USD Billion from 1950 until 2022, reaching an all time high of 2522.60 USD Billion in the second quarter of 2022 and a record low of 14.67 USD Billion in the first quarter of 1951. Corporate profits represents the portion of the total income earned from current production that is accounted for by U.S. corporations. It is one of the most closely watched U.S. economic indicators, as it provides a summary measure of corporate financial health and thus serves as an essential indicator of economic performance.

Goods Trade Balance in the United States decreased to -99000 USD Million in October from -91910 USD Million in September of 2022. Goods Trade Balance in the United States averaged -23662.18 USD Million from 1955 until 2022, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -125664 USD Million in March of 2022. In the US, goods trade balance is equal to goods exports less goods imports. United States Goods Trade Balance

GDP Sales QoQ in the United States increased to 4 percent in the third quarter of 2022 from 1.30 percent in the second quarter of 2022. GDP Sales QoQ in the United States averaged 3.18 percent from 1950 until 2022, reaching an all time high of 26.60 percent in the third quarter of 2020 and a record low of -25.90 percent in the second quarter of 2020. In the United States, final sales of domestic product equals GDP less change in private inventories. It is also equal to the sum of personal consumption expenditures, gross private fixed investment, government consumption expenditures and gross investment, and net exports of goods and services. This page includes a chart with historical data for the United States GDP Sales QoQ.