✖ Construction Reporter

Show Password Forgot Password?

Not a Member? Start a free-trial today!
Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

new study reveals current strength of economy, but 2020 has some worried

11/20/2019

0 Comments

 
Picture
Leading indicators continue to point to a vibrant national economy, but trade battles, the coming presidential election, and a possible presidential impeachment vote are making many investors nervous.

So concludes a report just issued by the American Institute of Economic Research, which notes that the Gross Domestic Product rose by a marginal 1.9 percent between July and September of this year, slightly down from a 2 percent increase recorded earlier this spring.

“Consumer spending accounted for the entire gain in the gross domestic product in the third quarter as other sectors had small offsetting contributions,” notes the November Business Conditions Monthly report.

The primary source for both consumer spending and consumer confidence remains a resilient labor market, continues the report.

But the picture is anything but rosy. Increasing concerns about trade policy, monetary policy, and immigration policy holds the potential of undermining consumer confidence.

Plus, notes the report, “extreme partisanship in Washington is likely to worsen as impeachment proceedings ramp up and the 2020 election cycle gains momentum.”

All of these factors are contributing to a “heightened degree of uncertainty.”
Even so, for now, the economy continues to be buffeted by new job creation, with the construction industry leading the way with more than 10,000 jobs in the last quarter.

The healthcare and financial industries also posted significant job growth heading into the fall of this year.  

The American Institute for Economic Research is based in Great Barrington, Massachusetts.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy