In September, the Eurozone’s economy grew at the fastest rate in 16 months, led by strength in Germany’s services sector.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Over 100,000 federal employees are expected to resign today under President Trump’s deferred resignation program, according to thegatewaypundit.com.
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SPOTLIGHT: THE TWO U.S. HOUSING MARKETS
Last month, sales of pre-owned homes rose 1.8 percent year on year but slipped 0.2 percent from July as mortgage interest rates rose once more, the National Association of Realtors (NAR) reported.
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SEASONAL HIRING TO BE THE LEAST IN 16 YEARS
Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
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U.S. AUTO INDUSTRY’S FLASHERS ARE WARNING THE AMERICAN ECONOMY
Americans are buying fewer cars, tariffs are shrinking automakers’ margins, the shift to electric mobility has stalled, and a company making car loans to subprime borrowers recently collapsed, all indications that a key U.S. industry might be rolling downhill.
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CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
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CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
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INFLATION ROSE AGAIN IN AUGUST
By several measures, consumer prices continued to rise again in August.
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U.S. SECOND-QUARTER GDP WAS GREATER THAN FIRST REPORTED
In this year’s second quarter, the U.S. economy grew by a robust 3.8 percent, the commerce department reported, not the 3.3 percent estimated earlier.