GDP growth dovetails with surveys showing consumers are confident
The U.S. economy ended the first half of the year with several positive signals that suggest American consumers are taking Washington’s turbulent politics in stride and focusing on improving their lives.
Retail sales and consumer confidence trending weaker
Will the U.S. economy continue to grow and at a pace that favors the recreational marine and other industries that depend on consumers who have meaningful disposable income and the will to spend?
Job growth masks weak wage gains and skills shortages
When the U.S. job market is viewed purely from the perspective of total employment, the picture looks bright.
Consumers — in a good mood, but not in the mood to spend
For the recreational marine and other industries that sell directly to consumers, the public’s continuing confidence in the economy is certainly a plus.
As Fed’s confidence rises, cracks in consumer sentiment appear
It may seem counterintuitive that the Federal Reserve raised interest rates on the day last week when inflation was shown to have declined in May for the second time in three months.
Weak job and inflation data complicate Fed’s rate decision
The Federal Reserve is getting plenty of advice as its policymaking committee prepares to meet today and Wednesday amid expectations that the central bank will lift interest rates by a modest quarter-point.
Jobs report mixed, but economy’s vital signs remain strong
The nation’s unemployment rate fell to 4.3 percent in May, the lowest level since 2001, but the United States added a lackluster 138,000 jobs, well below what economists were expecting.
Regional Fed manufacturing surveys diverge
So what’s the state of U.S. manufacturing? Dueling Federal Reserve indexes for the New York and Philadelphia areas countered each other last week during a period that was generally light on economic reports.
Washington stumbles, but businesses and consumers stay on course
Arriving together on Friday, reports on April retail sales, inflation and consumer sentiment portray a U.S. economy that continues to grow steadily and at a manageable pace.
Wage growth remains elusive despite job gains
The United States added 211,000 jobs in April, rebounding as expected from a lackluster weather-jinxed March, but although there are a lot of new people with paychecks, those who have been working aren’t seeing very much income growth from the strengthening economy.
Rise in building permits lifts outlook for housing
The U.S. housing industry sent generally positive signals last week, and that has implications for everyone who sells goods and services to homeowners, including boatbuilders and their dealers.
Consumer and business confidence stay strong
It began after the November election — a wave of confidence that washed over consumers and business owners — and months later two important barometers of economic sentiment show that Americans continue to expect rising growth and prosperity this year.
Job growth slows as business community awaits Trump’s plans
Economy watchers who became accustomed to seeing monthly U.S. job gains near or above 200,000 were probably blindsided by the Labor Department’s report that 98,000 jobs were added in March — the fewest since last May.