An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by the Labor Department strongly implied that the economy is not in recession. … READ MORE >
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Chart of the day: Service sector grows at slowest pace in two years
The ISM service index inched down to 55.3 in June, the slowest level of growth in more than two years since May 2020, when it was at 45.2. … READ MORE >
Job openings show signs of a slowdown
Job openings declined for the second straight month in May as the Federal Reserve’s rate hikes slowed down overall demand. … READ MORE >
U.S. June jobs preview: Slower hiring in rate-sensitive industries
We expect the June U.S. employment report to show a total gain of 225,000 jobs, with risk of a stronger pace of hiring and an increase in the unemployment rate to 3.7%. … READ MORE >
5 things to know in life sciences: Week of June 27, 2022
From new drug delivery methods to ongoing developments in artificial intelligence in radiology, each week we highlight five things to know in life sciences. … READ MORE >
Inflation outpaces consumer spending for the first time this year
Personal spending declined on an inflation-adjusted basis in May as spikes in gasoline and food prices depressed consumer sentiment and dampened spending on other discretionary items. … READ MORE >
RSM US Manufacturing Outlook Index shows a slowing industrial sector
Three of the Federal Reserve’s regional surveys on manufacturing activity are now reporting outright contractions and the other two are falling quickly toward contraction. … READ MORE >
Preparing for a tsunami of imported goods
The recent reopening of China’s factory floors and the easing of its supply chain bottlenecks have prompted discussion about the ability of the U.S. supply chain to absorb what will be a tsunami of imported goods. … READ MORE >
Senior housing, investors’ ‘golden-aged’ goose, gives way to multigenerational living
For the better part of the past decade, investors have flocked to senior living, long viewed as the golden goose for sure-bet growth as the baby boomer generation aged. More recently, however, due in large part to pandemic-related challenges including health safety considerations and staffing shortages, the gold has lost its luster. Other options for senior living, including multigenerational housing, are gaining in popularity; along with them come market opportunities for savvy industry participants. … READ MORE >
New home sales rise unexpectedly despite higher mortgage rates
The increase was driven by more supply coming online, pushing prices down for the first time since February. … READ MORE >