The Real Economy Blog

Tuan Nguyen

@tuannguyen0709

Tuan Nguyen is an economist at RSM US LLP who analyzes high-frequency economic data within the United States and global economies to better understand the American middle market. Tuan’s data-driven economic analysis and insights enhance the ability of middle market companies to thrive in an increasingly competitive global economy.

Based in New York, Tuan works closely with the firm’s cutting-edge Industry Eminence Program to help senior analysts accelerate data-driven strategies in their line of business. His areas of focus include the comprehensive measurement framework for environmental, social and governance (ESG) financial reporting, as well as trends in behavioral, labor and network economics and in industrial organizations. Before joining RSM, he was a graduate researcher, lecturer and teaching assistant for the economics department of his alma mater, Northeastern University, where he taught macroeconomics, international economics and microeconomic theory.

Nguyen holds a Ph.D. in econometrics and quantitative economics from Northeastern University and holds a bachelor of arts in economics and international affairs from the University of New Hampshire, where he graduated summa cum laude and was recognized as an outstanding economics student.

Initial jobless claims remain above pre-pandemic level

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New filings for jobless claims exceeded the pre-pandemic level for the third week in a row as labor demand eased while more stories of companies laying off workers made headlines. New claims inched down by only 0.9% last week, to 229,000, from an upwardly revised 231,000 in the prior week, according to ... READ MORE >

Chart of the day: U.S. housing starts and permits plunge

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U.S. housing starts and permits plunged in May amid a steep rise in mortgage rates and sour builder sentiment. We expect new housing supply to fall further as mortgage rates continue to rise following the Federal Reserve’s 75 basis-point rate increase on Wednesday, its largest since 1994. Housing ... READ MORE >

U.S. retail sales fall as inflation takes a toll

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U.S. retail sales declined in May as surges in energy and food prices forced consumers to reduce their spending on vehicles and other discretionary items. With inflation running hot, sales plunged on an inflation-adjusted basis, paring most of April's gains. That implies more headwinds to consumer ... READ MORE >

Chart of the day: Consumer sentiment drops to record low

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Consumer sentiment plunged in June as energy and gasoline prices spiked. The headline consumer sentiment index from the University of Michigan dropped to 50.2, the lowest on record. Consumers became more concerned about inflation as both short- and long-term inflation expectations rose, according to a ... READ MORE >

Initial jobless claims rise to above pre-pandemic level

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New filings for jobless benefits surged last week to above the pre-pandemic level for the first time in five months, the Department of Labor reported on Thursday. Behind the increase were a slowdown in hiring and an acceleration in layoffs in recent weeks. New claims for jobless benefits increased by ... READ MORE >

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