As the American economy contends with a chronic shortage of workers, there is a solution: Women in their prime working years. But that will require accessible and affordable child care. … READ MORE >
Joseph Brusuelas
Resilience defined as American economy continues to defy expectations
Driven by the household consumption, the American economy expanded at a 2.4% seasonally adjusted annualized rate. … READ MORE >
FOMC policy decision: The time for an end to rate hikes has arrived
With the policy rate standing above two closely watched measures of inflation, it is now time for the Federal Reserve to allow the economy an extended period to absorb the impact of past rate hikes. … READ MORE >
Surging manufacturing construction: Industrial policy and U.S. semiconductors
A confluence of events triggered by supply chain disruptions, global security tensions and a changing political landscape has resulted in a boom in manufacturing construction. Call it the return of industrial policy. … READ MORE >
U.S. second-half economic outlook: Muddling through
A rapid decline in inflation amid robust hiring and an unemployment rate that stands at 3.6% despite a steep rise in interest rates underscore a resilient American economy that refuses to go gently into that good night. … READ MORE >
Inflation slows to 3% in June but the Fed’s work is not done
The 3% year-ago increase in the consumer price index reported by the Labor Department on Wednesday is down from a peak of 9.1% in June 2022. … READ MORE >
U.S. employment report: Strong gains continue in June
A remarkable run of monthly job gains continued in June as the economy generated 209,000 new jobs and the unemployment rate fell to 3.6%. … READ MORE >
June jobs preview: Low unemployment shows a rapidly evolving labor market
We expect this strength to continue when the June employment report is released next Friday. Our provisional forecast implies a net gain of 225,000 jobs and an unemployment rate of 3.7%. … READ MORE >
U.S. economy was a lot stronger in first quarter, final GDP estimate shows
The third and final estimate of gross domestic product showed a drastic upward revision to a 2.0% gain from 1.3% on a quarterly and annualized basis. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues
Manufacturers across much of the U.S. reported slowing activity in June. The RSM US Manufacturing Outlook Index remained 1.7 standard deviations below normal, the 14th consecutive month of negative values. … READ MORE >