The labor market cooled down in the heat of the summer.
Less Savings: August 26 – August 30
Consumers slowed their pace of savings to maintain their spending.
Some Movement: August 19 – August 23
Housing had a modest rebound mid-summer.
What We Learned About the U.S. Economy Last Week
Weekly Economic Update: A brief, non-technical review of the previous week's U.S. economic data releases by Kevin A. Roth, PhD
The labor market cooled down in the heat of the summer.
Consumers slowed their pace of savings to maintain their spending.
Housing had a modest rebound mid-summer.