All Posts Tagged: wages

U.S. Outlook: What does 2018 have in store for us?

Scott Anderson
Chief Economist

The U.S. and global economies are in a real sweet spot now.

Graph showing recent rebound of Eurozone economic activityEurope’s economic acceleration has been an important catalyst for stronger global growth and a bit of a surprise. In the U.S., another 2.1 million net new jobs were created in 2017. So what does 2018 have in store for us?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 5.

Key observations:

  • We think 2018 will be another year of above-average U.S. GDP growth.
  • U.S. consumers will keep growing their spending as real disposable income growth catches up to spending.
  • We see the U.S. unemployment rate averaging 3.9% in 2018, hitting a low of 3.8% by the second quarter.
  • U.S. growth will be sufficiently strong to keep the Fed on track to raise the fed funds rate three more times in 2018.

Read my full 2018 Outlook report.

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Instant Analysis: Jobs report for December

Scott Anderson
Chief Economist
Busy office setting with several well-dressed stock traders checking activity on their computer terminals.

The labor market continues to firm but is not yet at the overheating stage.

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U.S. Outlook: Growth without inflation

Scott Anderson
Chief Economist
Graph showing long decline in initial jobless claims.

Next week’s economic indicators should highlight the strength and resilience of the U.S. economic expansion.

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U.S. Outlook: A hot jobs report for April

Scott Anderson
Chief Economist
Graph showing unemployment rate and U6 unemployment rate dipping back to May 2007 levels.

The labor market’s resilience and strength were on full display in April.

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U.S. Outlook: U.S. jobs engine remains intact

Scott Anderson
Chief Economist
Graph showing year-over-year trend in hourly wages, with recent upturn.

Details of the December payroll report reveal a solid U.S. labor market with plenty of fuel left in the tank.

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