In its current reading, the RSM US Financial Conditions Index indicates a level of accommodation that is more than 1.4 standard deviations above normal. … READ MORE >
pandemic
Looking ahead to 2022 and what to expect in the economy
As the economy approaches a full reopening, we expect that growth in 2022 will exceed 4%, the unemployment rate will fall to 3.5% and job growth will average roughly 230,000 per month. … READ MORE >
Chart of the day: Decline in initial jobless claims slows
New filings for jobless claims showed little change for the week ending Nov. 13 with a decrease of 1,000 from the prior week to 268,000, marking an easing in the pace of declines from early October. … READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices. … READ MORE >
Chart of the day: Housing starts lag as permits rise
Mixed results came from the housing sector in October as housing starts inched down by 0.7% while building permits rose sharply by 4.0% on the month. … READ MORE >
Chart of the day: Industrial production climbed back in October
Industrial production rebounded in October with a gain of 1.6% after a significant slowdown in September because of Hurricane Ida, pointing to healthy growth for the rest of the year. … READ MORE >
Housing starts in Canada dropped for the fifth consecutive month
Housing starts in Canada dropped for the fifth consecutive month to 236,554 in October, down by 5.3% from September as builders grappled with shortages of materials and workers. … READ MORE >
Retail sales beat expectations in a sign of a strong holiday season
Retail sales rose by 1.7% in October as consumers, flush with cash, signaled a strong start to the final quarter of the year, according to a report from the U.S. Census Bureau on Tuesday. … READ MORE >
Canadian business: Preparing for the new normal
Here are some ways business owners can navigate the changing landscape of the Canadian economy as it emerges from the pandemic and prepares for a return to greater normalcy. … READ MORE >
Introducing the RSM US Supply Chain Index: Sustained growth depends on retooling
We have created the RSM US Supply Chain Index to provides a near real-time and forward look for the elements of transportation, manufacturing, sales and labor. … READ MORE >