As we move into the new year, economists are questioning whether the economy will experience a slowdown in 2024. Despite previous predictions of a recession and a significant economic slowdown, some experts argue that there is little reason to expect a deceleration. One key factor supporting this perspective is the strong state of the labor market. Currently, most Americans who … [Read more...] about Economic Outlook for 2024: Will the Economy Slow Down?
Labor Market
Recent data reveals increase in jobless claims and potential impact on labor market
The numbers Recent data reveals that the number of Americans applying for unemployment reached a nearly three-month high of 224,000 by the end of January. While this may indicate a slight softening in the robust labor market, it is important to note that the initial jobless claims increased by 9,000 in the seven days ending January 27, up from 215,000 in the previous week. … [Read more...] about Recent data reveals increase in jobless claims and potential impact on labor market
Americans’ Optimism about Inflation and Job Security
The latest monthly survey of consumers conducted by the Federal Reserve Bank of New York reveals a slightly improved outlook on inflation for Americans. However, job security remains a concern for many. Inflation Expectations In November, consumers predicted a 3.4% inflation rate for the upcoming year, showing a decrease of 0.2 percentage points from their expectations in … [Read more...] about Americans’ Optimism about Inflation and Job Security
U.S. Employment Trends Show Signs of Cooling
The U.S. employment market seems to be heading for a slowdown, as indicated by a decline in the Employment Trends Index in August. The Conference Board, a private-research group, reported that the index fell to 113.02 from 114.71 in July, marking its lowest level in over a year. This downward trend has been consistent since March 2022. Despite the decline, the index still … [Read more...] about U.S. Employment Trends Show Signs of Cooling
Stock Market Recap: Mixed Results for August’s Start
Yesterday, the stock market kicked off August with a mixed performance. Out of the three major indexes, the Dow Jones Industrial Average (DJIA) was the only one to see a modest gain. The DJIA rose around 71 points, or 0.2%, to close near 35,630, according to preliminary data from FactSet. While the Dow managed to secure its third consecutive session of gains, the S&P 500 … [Read more...] about Stock Market Recap: Mixed Results for August’s Start
