The U.S. Census Bureau reported that total construction spending decreased (-0.1%) in June to $2,166.5 billion, falling below May’s revised estimate of $2,168.5 billion. Private construction spending slipped (-0.1%) to $1,622.5 billion, while public construction spending remained virtually unchanged at $544.1 billion. Within private construction, residential spending decreased (-0.3%) to $877.1 billion, but nonresidential construction rose slightly (+0.1%) to $745.3 billion. Public educational construction was virtually unchanged at $113.1 billion, and highway construction decreased (-0.1%) to $150.9 billion. Compared to the previous year, the June total construction figure marks a (-3.2%) decline from the June 2025 estimate of $2,237.7 billion. During the first six months of this year, construction spending amounted to $1,046.9 billion, a (-3.5%) decrease from the $1,084.5 billion for the same period in 2025.

The U.S. Census Bureau reported that new orders for manufactured goods decreased (-0.3%) in June to $656.5 billion, marking a second consecutive monthly decline following May's (-1.1%) decrease. Durable goods orders rose (+0.5%) to $335.4 billion, while transportation equipment orders decreased (-0.1%) to $114.1 billion. Excluding transportation, new orders decreased a modest (-0.4%). Nondurable goods orders slipped (-1.2%) to $321.1 billion. Shipments decreased (-0.2%) to $652.1 billion after a (+1.6%) increase in May, with durable goods up (+0.8%) and nondurables down (-1.2%). Inventories increased slightly (+0.1%) to $962.9 billion, marking their ninth consecutive monthly increase. Unfilled orders continued to climb, rising (+0.6%) to $1,590.6 billion, now higher in twenty-three of the last twenty-four months. Core capital goods orders (nondefense, excluding aircraft) rose 1.2% in June, and core capital goods shipments also increased by 2.0%.

The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment decreased (-23,000) in July, while the unemployment rate remained little changed at 4.1%. Health care employment rose (+22,000), but local government education decreased (-50,000) and retail trade slipped (-19,000). Financial activities employment also trended down (-14,000). The labor force participation rate decreased (-0.1 percentage point) to 61.4%. The number of individuals unemployed for less than five weeks decreased (-222,000) to 2.0 million, and the long-term unemployed slipped (-166,000) to 1.8 million, accounting for 25.5% of all unemployed workers. Average hourly earnings for all employees on private nonfarm payrolls rose (+$0.02) to $37.62, marking a (+3.2%) increase from the previous year. Finally, revisions to May and June payrolls reduced previously reported job gains by a combined (-103,000).