Is Economic Growth Sustainable?
In May, the U.S. unemployment rate dropped to 3.8%, as low as it's been since 2000, and the economy added 223,000 new jobs - more than the 190,000 expected.
The manufacturing purchasing managers index, in the past, dropped below 50 right before a recession hits. While May's reading of 58.7 was off from record-highs of the past year, the latest numbers were strong and nowhere near signaling a slowdown.
Meanwhile, new orders coming into manufacturers, which are not shown here, soared last month to 63.7, according to the Institute for Supply Management. That's a booming level for manufacturing, which accounts for about 12% of the total economy in the U.S., and the new orders index is a forward-looking benchmark of what's to come in the weeks immediately ahead.
- This Week In Stocks And The Economy
- Analyzing The Risk Of Stocks After The 6.9% Drop
- Fed Chair: "We Remain In Extraordinary Times."
- With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
- Widespread Misinformation Follows Household Median Income Report
- Investment Wisdom At A Poignant Moment In History
- Good Economic Surprises Happening Now
- Economic Facts To Prepare For The Elections
- Another Member Of Music Royalty Dies With No Will
- Top 10 Indications The Economic Outlook Is Brighter Than Expected
- Wealth And Economic News This Week (2-Minute Read)
- 10 Things: New Education Tax Breaks For A Child Or Grandchild
- The Truth About U.S. GDP Growth
- Despite Distractions, Economic Data Boomed Last Week
- Protect Yourself Against Spearphishing
- Even The New York Times Gets Investment Facts Wrong Sometimes
- First-Half Of 2018 Stock Investing Highlights
- U.S. Leading Indicators Growth Rate Slowed In May; Should You Worry?
- Signal To Noise Ratio Of U.S. Economy Is An Anomaly
- Father's Day Financial Tip: Put Your Kids To Work
- Is Economic Growth Sustainable?
- How The New Small Business Tax Break Phases Out
- Fed Shatters Conventional Economic Wisdom
- Four New Signs Point To Economic Strength (2-Minute Read)