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The Latest News about the economy

The economy ebbs and flows, but whether it’s strengthening or weakening, we report on how it affects you.

Trump Effect: U.S. CEOs’ Confidence Soars As Hunt For Sustained Growth Continues

Lynne Doughtie, KPMG US Chairman and CEO

U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth, according to a study released today by KPMG LLP, the U.S. audit, tax, and advisory firm. Experience the interactive Multichannel News ...

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Gallup: Job optimism highest we’ve ever seen

Donald Trump success

Gallup asked Americans if now is a good or bad time to find a job and the results, they said, are the best they’ve ever seen and it’s just been since President Trump took office. Sixty-seven percent of Americans believe that now is a good time to find a quality job in the U.S., the highest percentage in 17 years ...

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Commercial Market on the Upswing, Construction Activity Sluggish

economy going up

A strengthening economy and job growth nearing historic levels have given Realtors® confidence in future commercial real estate market conditions, according to speakers at a commercial real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo. Lawrence Yun, chief economist of the National Association of Realtors®, led a panel discussion about the economic forces shaping commercial real estate markets and expressed ...

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2018 Growth Forecast Holds But 2019 Gets Modest Downgrade

The forecast for 2018 full-year growth remains unchanged at 2.7 percent, according to the Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook. However, 2019 economic growth was downgraded to 2.3 percent due to the expectation of fading fiscal stimulus and a tightening labor market. “We remain confident that, despite a first-quarter hiccup, economic growth will pick up ...

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Trump Effect: Economic Growth To Continue Throughout 2018

economy going up

Economic growth is expected to continue in the U.S. throughout 2018, say the nation’s purchasing and supply executives in their Spring 2018 Semiannual Economic Forecast. Expectations for the remainder of 2018 continue to be positive in both the manufacturing and non-manufacturing sectors according to the Institute for Supply Management® (ISM®) Business Survey Committees. Manufacturing Summary Sixty-two percent of respondents from the panel of manufacturing ...

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Historically low unemployment rate trending down

The US labor market continues to tighten, although job growth in April was 164,000, a little below expectations. The unemployment rate dropped to 3.9 percent in April, one of the lowest rates in recent history. The broader measure of labor underutilization U-6 declined to 7.8 percent, the lowest rate since 2001. The tightening labor market is a result of a ...

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Trump Effect: Nation brimming with positive economic news

Donald Trump success

“Recent headlines and articles trumpet the good news: President Donald J. Trump’s economic policies are growing the economy, producing record-high confidence, and creating new jobs.” President Donald Trump’s “America First” agenda has steadily shown results that mean higher earnings for working families, more jobs for American workers and a bright future for those entering the workforce. GDP grew 2.3% in ...

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Trump Effect: Manufacturing sector continued expansion in April

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: “The April PMI registered 57.3 percent, a decrease of 2 percentage points from the ...

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White House: America is Open for Business

economy going up

The White House issued a press release Friday highlighting news stories that touted the Trump economy. From the office of the press secretary: “The U.S. economy has added an average of 202,000 jobs each month so far this year, as the unemployment rate remains at a 17-year low, economic growth is accelerating, business and consumer confidence is booming, and wages ...

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Softer March job growth numbers do not signal loss of labor market momentum

Employment increased by 103,000 jobs in March after increasing by 326,000 jobs in February. Labor markets remain tight as average job creation on both a three- and twelve-month average basis remains very fast for the late stage of the current economic expansion. This fast employment growth is creating even tighter labor markets as overall participation rates have remained flat because ...

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Mulvaney: “‘MAGAnomics’ is Working and Defying Critics”

Mick Mulvaney

The White House released a statement highlighting White House Office of Management and Budget Dirctor Mick Mulvaney’s op-ed published at CNBC.com that touts the Trump administration’s economic policy that he calls “MAGAnomics.” From the office of the press secretary: Foremost, confidence in the American economy among businesses and consumers is near historic highs. That means businesses, both small and large, and ...

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Trump’s Leadership on the Economy is Making A Difference For All Americans

Donald Trump success

The White House released a statement Thursday highlighting the positive effects of President Donald Trump’s economic policies. From the office of the press secretary: “This is our new American moment. There has never been a better time to start living the American Dream.” – President Donald J. Trump THE ECONOMY IS BOOMING: The economy is expanding rapidly under President Donald ...

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Trump Effect: March payroll numbers blow out analysts expectations

Private companies added 241,000 positions with construction and manufacturing leading the way in March according to the newest ADP/Moody’s analytics report. The report highlights continued optimism in the economy as experts had only expected the economy to produce an additional 205,000 jobs last month. The March number is up dramatically year-over-year from just 122,000 in 2017. “The job market is ...

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Trump Effect: Small and Mid-Size Business Owners See Growth and Higher Employee Pay Ahead

PNC Survey shows optimism running at historic highs in all categories. Half (49 percent) of business leaders anticipating an increase in employee compensation; highest rate since fall 2007. Six out of 10 expect demand for their company’s products or services to increase. Two-thirds expect increased profits, exceeding the prior high set in spring 2005. Optimism is running at historic highs ...

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White House: The American Economy is Coming Back Strong

The White House issued a statement Tuesday afternoon highlighting the administration’s efforts and progress to strengthen the American economy. OPTIMISM ABOUNDS: THE AMERICAN ECONOMY IS COMING BACK STRONG “Consumer and business confidence continues to soar as President Donald J. Trumps tax reforms and policies are helping the U.S. economy take off after eight years of stagnation.” WASHINGTON EXAMINER: Pew: Economy ...

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