Economic Trends

We’ve seen a mixed bag when it comes to economic news over the past few weeks with consumer prices continuing to rise at restaurants but restaurant spending stagnating through August. According to the Consumer Price Index report for August as released by the Bureau of Labor Statistics (BLS), prices at full-service restaurants rose by 0.6%…

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Competitor News

After launching its IPO, Dutch Bros had its first day of trading Wednesday and enjoyed strong investor interest, closing at $37, 70% above its $23/share listed price. The company, which has 471 units in 11 states with overwhelming concentration in its home state of Oregon along with northern California, is expanding. While more than half…

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Consumer and Economic Trends

The latest monthly Survey of Consumers conducted by the University of Michigan reveals that final consumer sentiment readings for August dropped nearly 11 points compared to the July numbers. At a rating of 70.3, the poll results show the least favorable economic prospects recorded by the survey in a decade and seemingly reflects a knee-jerk…

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Economic Trends

As referenced above, BLS data now shows many industry-average wages exceeding the $15 per hour mark. Additionally, as we approach the September expiration of the unemployment premium benefit that is keeping many from returning to work, further data from the Bureau of Labor Statistics released a week ago shows there were 10.1 million job openings…

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Consumer and Economic Trends

According to the monthly Survey of Consumers conducted by the University of Michigan, consumer sentiment fell by 4.3 points in July compared to June numbers. Unease about the economy was concentrated on inflation as consumers face higher prices, notably on homes, vehicles, and household durable goods. A separate poll, conducted by the Job Creators Network…

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Economy Moves Front & Center

As we move closer to a complete reopening of the American economy in the wake of decreasing COVID -19 infections and increasing citizens being fully vaccinated, Bureau of Labor Statistics (BLS) information is getting much more play in news cycles – and for a bunch of not-so-encouraging reasons. First off, the labor shortage appears to…

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Business Confidence

Notwithstanding ongoing challenges with the labor shortage and lingering COVID fears, small businesses are generally more optimistic about the future now than they were a year ago, although access to capital is keeping many awake nights. According to a national survey a few weeks ago of 2,140 small business owners by Goldman Sachs, 84% said…

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Business and Consumer Confidence

While the COVID vaccine becomes more available and more states relax some of their onerous restrictions on business operations, both business and consumer confidence continue to play on the metaphorical see-saw. A survey by the National Federation of Independent Business found the outlook of small business owners improving slightly with 15% of its respondents reporting…

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Consumer Trends

According to the latest Survey of Consumers produced by the University of Michigan, consumer sentiment for early February dropped by nearly three whole points to 76.2, the lowest reading since August of last year and down more than 20 points from February of 2020 – which was just before the coronavirus pandemic hit the U.S.…

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Economic Observations

The U.S. Bureau of Labor Statistics (BLS) last week reported that average hourly earnings increased 0.4 percent from November to December 2020. The increase stems from an increase of 0.8 percent in hourly earnings coupled with a 0.4 percent rise in the Consumer Price Index (CPI). Year over year, average hourly earnings increased 3.7 percent…

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