◀ The Principal Blog

Posts tagged ‘economy’

July Jobs Report – More Positive Job Growth



The July jobs report showed another month of positive job growth, adding 215,000 jobs. The unemployment rate remained unchanged at 5.3% as did the labor force participation rate at 62.6%. Wage growth remained sluggish in July but we still think the first interest-rate increase will happen in…

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Fed Paves the Road to Higher Interest Rates



The recent Federal Reserve statement acknowledges progress in the U.S. labor market, while continuing the watch for higher inflation and wages. Looking at this statement in its two component parts may help us better understand how the Fed is thinking about a possible rate hike later this year. In…

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