Economic Trends

Consumer sentiment with the U.S. increased slightly in early October, reaching its highest level since April. According to the University of Michigan preliminary estimate of its consumer sentiment index, consumers are slightly more optimistic with the index hitting 59.8 in October, up from 58.6 in September. The index measuring American consumer assessment of current economic…

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Miscellaneous

The U.S. economy grew by a record 7.4 percent in the quarter ending in September, although it has recovered only two-thirds of the ground lost in the first half of the year due to the coronavirus pandemic. Data released this morning by the Bureau of Economic Analysis showed that at an annual rate, gross domestic…

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Various States of Emergency

As of this writing, COVID-19 has caused 48 of the 50 United States to declare public emergencies at the state level to some degree or another. Only Oklahoma and West Virginia have yet to make such a declaration. In each of the states, the public emergency declaration gives the governments additional tools, flexibility and power…

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Miscellaneous

As the US economy continues its longest expansion ever recorded, now into its eleventh year, the Bureau of Labor Statistics (BLS) last week reported that some 266,000 new jobs were added in January. In light of the good news all-around from the BLS January report with unemployment basically unchanged at 3.6%, Federal Reserve Chairman Jerome…

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Miscellaneous

As we glided from one decade to another, the economy continued its exceptional run, adding another 145,000 jobs in December to cap 2019 at over 2,100,000 new jobs created! According to the Bureau of Labor Statistics, the leisure and hospitality industry added 40,000 of those jobs for an annual industry total of 388,000!  As the…

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Economic Growth Continues

Notwithstanding many who for their own political reasons “wish it weren’t so”, the nation’s economy continued to grow and strengthen through June with average hourly earnings increasing 0.2% for the month. According to the Bureau of Labor Statistics (BLS), year over year, real average hourly earnings grew 1.5 percent from June 2018 to June 2019…

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