This Week's State Of The Economy - What Is Ahead? - 02 July 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jul 13, 2021

This Week's State Of The Economy - What Is Ahead? - 02 July 2021

June has now passed and the economic data seems a little mixed.  We added 850,00 jobs in June, but much of that was State governments school districts in some parts of the Country reopening just in time for summer break.  Subtract that and nonfarm employment increased 620,300, which was below consensus.  Both the labor force participation rate (61.6%) and the employment-population ratio (58%) were unchanged in June.  It would be nice to see those numbers go up, and logically they should with most States discontinuing  participation in expanded Federal unemployment benefits, but June is probably a little too soon to see that reflected.




This Week's State Of The Economy - What Is Ahead? - 20 March 2020

Daily life came to a screeching halt this week as governments, businesses and consumers took drastic steps to halt the COVID-19 pandemic.

This Week's State Of The Economy - What Is Ahead? - 24 February 2023

Existing home sales declined 0.7% in January, while new home sales leaped 7.2%. Real personal spending shot higher in January, and solid growth in discretionary spending suggests continued consumer resilience.

This Week's State Of The Economy - What Is Ahead? - 09 June 2023

An unexpected spike in jobless claims is a sign that cracks are forming in the labor market. Higher mortgage rates look to be hindering a housing market rebound.

This Week's State Of The Economy - What Is Ahead? - 01 December 2023

U.S. data released this week indicates the economic expansion remains alive even as inflation continues to slow. The year-ago rates of headline and core PCE inflation were the lowest since March 2021 and April 2021, respectively.

This Week's State Of The Economy - What Is Ahead? - 15 December 2023

core CPI remained elevated in November at a 4.0% annual rate, a string of slower monthly prints suggests that disinflation has more room to run.

This Week's State Of The Economy - What Is Ahead? - 16 October 2020

Data continue to reflect an economy digging itself out of the lockdown-induced slump.

This Week's State Of The Economy - What Is Ahead? - 23 October 2020

A recent strong report from the National Association of Homebuilders set the tone for another round of strong housing data. The NAHB index rose two points to a record high 85.

This Week's State Of The Economy - What Is Ahead? - 03 April 2020

Efforts to contain the virus are leading to millions of job losses and it’s likely only a matter of time before a majority of economic data reveal unprecedented declines.

This Week's State Of The Economy - What Is Ahead? - 22 April 2022

I’ll wish you a Happy Earth Day anyway. Don’t expect a card this year. While the Earth continues to thankfully revolve at a steady rate, rising mortgage rates appear to be slowing residential activity

This Week's State Of The Economy - What Is Ahead? - 27 October 2023

The U.S. economy expanded at a stronger-than-expected pace in Q3, with real GDP increasing at a robust 4.9% annualized rate.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2024 TC Global Commercial. All rights reserved.