ISM Manufacturing PMI The most recent ISM Manufacturing Index increased 2.3% from December 2018, indicating expanding business strength fostered by stronger demand and output. The…
Real Wages—All Employees After many years of stagnant real wage growth (adjusted for inflation), the U.S. labor market saw improvement in wages paid. This was…
Quarterly Real U.S. GDP Growth The U.S. economy is coming off of its tax cut–induced bump. Estimates of 2019 GDP are coming down, as indicated…
Quarterly U.S. GDP Growth Providing a counterpoint to the ISM data, second-quarter U.S. GDP was revised up from 4.1% to 4.2%, which was slightly better…
Quarterly U.S. GDP Growth First quarter GDP growth was 2.63%, the lowest in four quarters; however, the expectations for the current quarter range from 3%…
U.S. Unemployment Rate The U.S. unemployment rate remained at 4.1% for the sixth straight month. More robust economic growth, due in part to the federal…
GDP Fourth quarter U.S. GDP was revised up to 2.9%, completing a year that saw GDP grow at 2.3%. While the first quarter of 2018…
General Commentary On the whole, the most recent economic data portends a slight lessening of domestic growth. While employment trends are positive, the ISM manufacturing…