U.S. Outlook
20-Year Outlook By CBoC Economics Team • Updated November 5, 2024
Defying the Odds
While growth remains robust, weakness is emerging on the employment front. The U.S. labour market started the year with hotter-than-expected job creation, reigniting wage gains and inflation. More recently, demand for labour has pulled back and will continue to be restrained. The unemployment rate is expected to remain above 4.0 per cent this year and next.
November 5, 2024 • 10-min read
Previous Release
Proceed with Caution
July 29, 2024
After finishing 2023 with the pedal to the metal, the U.S. economy entered 2024 with the foot off the accelerator. Real GDP increased by 1.3 per cent in the first quarter of this year, a significant drop from 3.2 per cent the previous quarter and the first quarter below 2 per cent growth since mid-2022. The economy will pick up slightly over the rest of the year, but growth will remain lukewarm.
Online experience • 12-min read
Author
Questions?
If you have any questions about the U.S. Outlook or about becoming a subscriber, please contact our sales team.
1-888-801-8818
Become a Subscriber
Get the information behind the headlines. The Complete Access Economics Package delivers key intelligence to your fingertips so you can act on critical opportunities with confidence.