Economic Update – January 26, 2024

Economic Update – January 26, 2024

1. GDP • Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US...
Economic Update – January 5, 2024

Economic Update – January 5, 2024

1. DECEMBER JOBS REPORT • US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. • Meanwhile, initial jobless claims fell...