Higher Rock Education - Economics Blog

State of the Economy - February 2020

Tuesday, March 17, 2020

The coronavirus had not dramatically impacted the US economy when most of the February figures were released. In the summary and analysis I will focus on the expected economic impact of the virus, but first it is important to review the health of the economy before the virus spread to six continents. More

State of the Economy - January 2020

Thursday, February 20, 2020

All signs point toward continued prosperity in the United States. Once again, the jobs report was encouraging. People continued to enter the labor force, so much so that the unemployment rate ticked up from 3.5% to 3.6%. Wage increases outpaced inflation. However, consumer spending fell in December and for the year. Manufacturing More

State of the Economy - December 2019

Friday, January 17, 2020

2019 was a remarkable year for the US economy It is likely that real gross domestic product grew over 2%. This is astonishing, given the economy is in the longest recorded expansion in our nation’s history. How much longer will the expansion continue? Will the consumer continue to support the economy? Read my analysis of recent government reports and predictions for 2010. More

State of the Economy - November 2019

Wednesday, December 18, 2019

Happy Holidays from the American consumer to the U.S. economy. The economy continues to thrive with the longest economic expansion ever recorded. Unemployment is at a 50-year low, and people continue to be added to payrolls. Real wages continue to increase, albeit at a slower pace. Stock indexes continue to reach record levels. Prices have increased close to the Federal Reserve’s 2.0% target. Will the consumer continue to support the economy? My views are in the summary – but first, four key reports published in November and early December have been summarized. More

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