Fed Becomes Erratic in Response to Unorthodox Economic Policy After achieving +3.1% GDP growth in Q1, the U.S. economy stayed healthy in Q2 at +2.1%. In July, according to the latest ‘Employment Situation’ report from the Bureau of Labor Statistics (BLS), +164,000 net jobs were created in America, on top of a +193,000 gain the […]

Q2 GDP Growth Matches Long-term Annual Average U.S. ‘real’ (i.e., adjusted for inflation) gross domestic product (GDP) growth in Q2 was +2.1% according to the ‘advance estimate’ published by the Bureau of Economic Analysis (BEA). The latest quarter-to-quarter change, annualized, was an easing from Q1’s pace of +3.1%. The +2.1% figure matches the average annual […]

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs. This infographic looks at U.S. trading partners – is China number one? At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for […]

There’s lots to cover, so let’s jump in… Chinese Economic Slowdown China’s latest quarter-over-quarter ‘real’ (i.e., after adjustment for inflation) gross domestic product (GDP) growth rate was its slowest since 1992. 2019’s second quarter advance, annualized, was only +6.2%. That level of increase anywhere else in the world would be greeted with celebration, but for […]

Hard to Compete With May ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $44.9 billion (green shaded box, Table 3 below). The month-to-month percentage change versus May was -18.3%. The large drop, however, was mainly due to May having so many mega-sized project initiations. May’s Top 10 project […]

Strong U.S. Jobs Growth has Interest Rate Implications The U.S. total number of jobs in June shot up by +224,000, according to the latest Employment Situation report from the Bureau of Labor Statistics (BLS). A slight rise in the ‘participation rate’, to 62.9% from 62.8% in May, caused June’s unemployment rate to climb a notch, […]

To help analysts better assess the state of economic affairs, there are several measures of confidence that are widely studied. Consumer confidence and corporate executive confidence are the two that immediately come to mind. There’s another, however, that is so omnipresent with daily, hourly and even minute-by-minute availability and media coverage, it can easily be […]

In 2018, the value of total U.S. new construction was just under $1.3 trillion. ConstructConnect is forecasting the figure to rise to $1.45 trillion by 2021. The annual average growth rate for total U.S. construction from 2010 to 2018 was +4.2% (see earlier article entitled, “U.S. Construction Spending Hits a Soft Spot”). 2018’s increase versus […]