Payrolls expanded at a modest rate in September as the U.S. economy added 156,000 new jobs, the Bureau of Labor Statistics reported today. Overall, the labor market is showing few signs of a pronounced upside or downside breakout. Wage growth accelerated, weekly hours picked up slightly, and the... Continue Reading
The Top Line – The U.S. economy expanded by 1.4 percent in Q2, according to the Bureau of Economic Analysis’ third estimate. In comparison, Q1 growth was just 0.8 percent. Robust consumer spending, positive net exports, and upwardly revised business investment were somewhat offset by weak... Continue Reading
Business Roundtable released its third quarter 2016 CEO Economic Outlook Survey today, and the results show a continuation of an economy that's failing to live up to its potential. CEOs report lower expectations for sales, roughly unchanged plans for hiring and nearly flat plans for capital... Continue Reading
The Bureau of Economic Analysis released its revised second quarter GDP estimate today, reporting that the economy grew just 1.1 percent (down from the previous estimate of 1.2 percent), following a first quarter estimate of 0.8 percent. Robust consumer spending and positive net exports were nearly... Continue Reading
The U.S. economy grew by 1.1 percent (revised), the Bureau of Economic Analysis announced Tuesday, a slightly faster pace than was initially estimated, although still below the 1.4 percent growth rate in the final quarter of 2015. A modest gain in consumer spending, small uptick in net exports,... Continue Reading