Economic Updates Archive

Latest GDP (Second Quarter 2015)

The nation’s economy is humming along unspectacularly. GDP rose by 2.3 percent in the second quarter. Based on year-to-date activity and many other recent economic data, the year 2015 will again mark another subpar GDP growth. Slow growth is...

Rising Home Prices and Falling Mortgage Debt

Today’s homeowners are in the best financial shape in recent memory. Home prices have been rising while overall mortgage debt levels have been falling. As a result the net housing equity has nearly doubled in the past four years....

The Latest on New Home Sales

New home sales fell for the second consecutive month, but the subdued activity is more of a reflection of homebuilders not actively breaking ground for single-family home construction. Specifically, the new home sales pace on an annualized basis was...

Latest Consumer Confidence (June 2015)

A good-paying job today but an anxiety about a job cut tomorrow does not inspire confidence.  Good thing that the job market has consistently been improving.  No surprise then that more Americans are expressing a greater confidence about the...

Latest Employment Situation by State (May 2015)

The best state for job creation was Utah as of May, marking several consecutive months of being on top.  Utah’s job creation rate was 3.8 percent over the past 12 months.  The West region is doing particularly well with...