Highlights: A Closer Look at the Job Market The job market in July saw a significant slowdown in growth. There were 114,000 new jobs created, far short of the anticipated 175,000. This resulted in an increase in the underemployment rate,…

Highlights: GDP, Personal Income and Spending. The second quarter saw an encouraging upswing in real GDP growth, rising to 2.8% annualized from 1.4% in the prior quarter. This acceleration came from robust private domestic investment and government spending. On the…

Highlights Retail Sales Performance: Mixed Results June’s retail sales report revealed no growth, which was better than the expected decline. While the auto sector experienced a downturn due to software issues, there were notable gains in e-commerce and building supplies,…

Highlights Inflation: Unexpected Decrease Reinforces Control According to the CPI, headline inflation declined by 0.1% in June, better than the expected 0.1% increase. This reinforces the belief that inflation is under control. Used Vehicle Market: Decline in Sales and Prices…

Highlights Employment Overview June saw stronger-than-expected job growth; however, a deceleration was also observed: Unemployment and Earnings The employment situation shows mixed signals: Vehicle Sales and Prices Sales and prices of new light vehicles took a hit: Overall, while job…

Highlights Increased GDP and Personal Consumption First quarter GDP growth was revised up in the third and final estimate to 1.4%, but consumer spending revised down to a larger 2.3% decline. Consumer Spending Growth Consumer spending growth accelerated in May…