
September 4, 2017 Weekly Economic Update
SEPTEMBER BRINGS A MEDIOCRE JOBS REPORT – The Department of Labor’s latest employment snapshot shows payrolls expanding by 156,000 net new jobs in August.
SEPTEMBER BRINGS A MEDIOCRE JOBS REPORT – The Department of Labor’s latest employment snapshot shows payrolls expanding by 156,000 net new jobs in August.
Low inventory and high prices are taking a toll on existing home sales. They declined 1.3% in July, according to the National Association of Realtors.
RETAIL SALES RISE IMPRESSIVELY, AN UPTURN FOR CONSUMER SENTIMENT, HOUSING STARTS RETREAT, WALL STREET BENCHMARKS SEE WEEKLY LOSSES
Can the Federal Reserve justify another interest rate hike in the second half of 2017? Given weak inflation pressure, maybe not.
U.S. payrolls swelled with 209,000 net new workers in July, according to the Department of Labor. That beat the 183,000 estimate by analysts surveyed.
Unemployment is at a 16-year low, and the Conference Board’s consumer confidence index is near a 16-year high. It reached 121.1 in July, rising 3.8 points.