Retail sales took a summer break during July while productivity’s losing streak stretched into a 3rd straight quarter.
Retail Sales Pause, Productivity Declines Again: What We Learned During the Week of August 8 – 12
Largest Payroll Gain in 2016, Other Data Not as Robust: What We Learned During the Week of August 1 – 5
The July employment report was a bit of an antidote to the disappointing Q2 GDP data released a week earlier. Surveys of purchasing managers and data on construction spending did not provide additional relief.
Q2 GDP Growth Was Well Below Forecasts: What We Learned During the Week of July 25 – 29
Ok, the first estimate of Q2 economic growth was not “decent” after all. Actually, the word “disappointing” is more appropriate.
What We Learned About the U.S. Economy Last Week 