The current economic expansion turned nine years old this month.
How does this expansion stack up against the longest on record, and how long will it last?
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 8.
- The current expansion, at 108 month long and running, is the second longest in history going back to 1854, trailing only the 1991-2001 expansion.
- Sharp downturns in GDP are sometimes followed by strong and rapid recoveries, but debt-driven recessions, like the Great Recession, can take longer to fully recover from.
- Income growth during the current expansion has remained tepid compared to past expansions.
- In our view, this expansion is likely to last for at least six more quarters, partly due to the tax cuts that were enacted late last year.
Read More ›
Investors just received two pieces of news that challenge the sanguine views of the U.S. economy and the economic outlook.Read More ›
Overall, a solid payroll report very much in line with our expectations.Read More ›
we see the net 261K gain in jobs as evidence that the U.S. labor market is swiftly resuming its solid monthly pace of job creation.Read More ›
There was something for everyone in the September jobs report, but we think it wise for investors to look past the downbeat headline job loss.Read More ›