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Tuesday, July 16th @7 pm central zoom
Jobs Up, inflation down, Us Economy Strongest in the World
“Insightful Economic Update & Discussion”
Catch up on this year's US & IL economic news and share your thoughts
Join July’s Economic Discussion: Jobs up,Inflation down.. Insightful Economic Update & Discussion.. Fiscal and Economic Issues will meet on Zoom, Tuesday, July16th @7 pm. CST
US Economy continues on it’s “Strong but not to Strong” Economic trend… Stock Market Agrees .. Hitting Records..
the Biden administration has
- 42 straight months” of continued positive / record jobs growth .. with
- wage gains of 4.1% exceeding the 3.3% 12 month inflation increase. Think of the impact of nearly 16 million new jobs all contributing to SS, Medicare & unemployment compensation etc and not drawing down On unemployment payments...A Huge positive impact!
Latest highlights … economic information to discuss at our July meeting:
- New jobs were +206,000 in June job growth, April and May revised down by -111,000 as reported in the July (June) BLS report
- New Unemployment rate ticks up to 4.1% reported in the June BLS report
-CPI inflation reduced in June by .1% ..an overall average increase of 3.3% over last 12 months[..
- Average hourly earnings for all employees increases .3% in June … for last 12 months reported in the BLS = 3.9%
- The labor force participation rate was at 62.6 percent in June
We will have a soft landing without a recession. Come join us on Tuesday, July 16th to hear what we think may happen with the economy in 2024l
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