Today’s revised estimate of US economic activity for the upcoming third-quarter GDP report continues to point to a slower-but-still solid growth rate, based on the median nowcast for several estimates compiled by CapitalSpectator.com.
Daily Archives: September 13, 2024
Macro Briefing: 13 September 2024
US jobless claims edged higher last week but remain at a middling level compared with the range over the past two years. This leading indicator continues to reflect a relatively upbeat outlook for the labor market. “After some noise earlier in the summer, initial jobless claims have settled into a tight range over the last several weeks,” says Nancy Vanden Houten, lead US economist at Oxford Economics. On a longer-term basis, claims layoffs remain near historically low levels.
