MESSAGE FROM THE PRESIDENT


September 9, 2024

As most of you know, we are the state affiliate for the U.S. Chamber of Commerce, National Retail Federation (NRF), and National Association of Manufacturers (NAM). The manufacturers provided some key economic data and it’s worth sharing. Private-sector job growth continues to slow, with August marking the smallest monthly increase since 2021, according to ADP. Despite tepid gains, unemployment dropped one-tenth of a percentage to 4.2%. Wage growth has moderated, with a slower pace of increases for both job stayers and job changers. Finally, economic activity is flat or slightly declining across most regions, with only modest growth in selected areas. 


Thus, we’re likely to get a modest interest rate cut from the Fed, but the days of super cheap money is probably a thing of the past.

News You Can Use

August consumer credit figures are released later today, while the NFIB optimism index for August is out tomorrow. Wednesday brings us the August consumer price index results, while on Friday we’ll see the import price index and September consumer sentiment.


Oracle kicks off the week for earnings calls later today, while Dave & Buster’s, GameStop, and Petco Health and Wellness are all scheduled for Tuesday. Thursday calls include Kroger, Adobe, and Caleres.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Dole is celebrating 125 years of growth, innovation, and commitment with farming the iconic yellow fruit, bananas! Since the beginning, everything Dole does revolves around a simple principle: quality. Dole is now an industry leader with a broad range of products and markets, continually striving to put the highest-quality food on tables around the world.

Learn more

In Case You Missed It


Delaware Business Times


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Delaware State News

Upcoming Events

Delaware Business Expo

Thursday, September 19

4:00 pm - 7:00 pm

 

Chase Center

815 Justison St.,

Wilmington

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Networking Breakfast at Aloysius Butler & Clark

Tuesday, September 24

7:30 am - 9:00 am


600 N. King St., 3rd Fl.,

Wilmington

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Developing Delaware Conference

Wednesday, October 2

8:30 am - 1:00 pm

 

Modern Maturity Center, 1121 Forrest Ave, Dover

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