Consumer prices may increase as much as 3.7% over a year ago, which is the biggest jump in nearly a decade, sparking stronger debate over whether a growing economy and ample stimulus is igniting inflation. Wednesday’s report from the Bureau of Labor Statistics will show sluggish progress in indexes like […]
Other News
Weak April jobs report a warning of long road ahead
The U.S. economy added just 266,000 jobs in April––far short of the expected gain of one million or more––casting doubt on the prospect of a swift recovery and raising concerns about possible labor shortages.
U.S. Manufacturing in April Dips Slightly but Remains Strong
May 3, 2021 by Juliet Jeske The U.S. manufacturing sector dipped slightly in April but is still showing tremendous momentum which is a sign that the economy is headed for a robust recovery from the COVID-19 crisis. The April Manufacturing Purchasing Managers Index, a monthly survey of the manufacturing industry, […]
Five Things to Watch for in March’s International Trade Report
The United States Bureau of Economic Analysis will release March’s international trade report on Tuesday. Economists expect both imports and exports to lift and the trade deficit to widen to a record high as the U.S. economic recovery fires on all cylinders.
5 things to watch ahead of the March personal income release
The Bureau of Economic Analysis will release the personal income report from March on Friday, which is expected to show the most promising sign of economic recovery since the onset of the COVID-19 pandemic. Impact of Stimulus Checks The consensus amongst economists anticipates a personal income growth of at least […]
Pandemic disrupts supply chains and drives new era of techno-nationalism
These disruptions have brought supply chains of critical industries to the fore, revealing deep dependencies on China and its neighbors. The shortage has prompted a bipartisan push to restore semiconductor manufacturing in the United States, which has atrophied since the 1990s. While supply chains were moved overseas to cut costs, many companies are reevaluating potential tradeoffs in security. In light of the pandemic, government and private sector reassessments may usher in a retreat from globalization and a new era of “localization.”
Five things to watch in the March durable goods orders report
The Commerce Department releases its advance report on durable goods – a key indicator of future manufacturing activity – on Monday. The report, based on results obtained from 4,300 manufacturers, is expected to provide more proof that the economy is ramping up faster than anticipated. Here are five things to […]
Experts weigh-in on looming semiconductor threat to new vehicle market
Before the pandemic wrecked manufacturing channels, automakers were already dealing with a crisis. “Even before the chip thing happened, production was not up to speed with demand,” said Michelle Krebbs, an executive analyst at Autotrader. “The hottest things are pickup trucks and sport utility vehicles. They just have not gotten […]
For Many Americans, Spending is on Their To-Do List
There is one thing on Amber Colon’s mind in the coming days, her birthday trip to Universal and Disney World in Orlando, Fla. Like most Americans, Colon spent her first two stimulus checks on paying off her credit card bills and using it to support herself. However, the 23-year-old is […]
Manufacturing in the U.S. Hits a 37-year High in March, Showing Signs of a Strong Recovery
By Juliet Jeske April 1, 2021 The manufacturing sector continued its non-stop growth in March reaching its highest level since December 1983, a sign that the U.S. economy is headed for a healthy recovery after a massive contraction due to the COVID-19 virus. The March Manufacturing PMI registered 64.7%, an […]
