Joseph Abate
Joseph Abate
This article is about current and past members of the Lucchese crime family...
fact growth households personal saving strong troubling
The fact that households are saving so little, even with strong growth in personal income, is a potentially troubling development.
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Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before auto manufacturers start ramping up production to replenish sales-depleted inventories.
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The increase in capacity utilization is another sign of an economy approaching full employment of resources. This keeps the Fed on high alert for inflation.
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The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.