U.S. Economic Outlook: Quarterly developments

Highlights: -In the third quarter of 2018, the U.S. economy grew at an annualized rate of 3.5% after rising 4.2% in the second quarter. Growth remained strong, but its composition deteriorated, as inventories accounted for almost two-thirds of the growth. Growth was led by consumer spending, which...

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Otros Autores:	NU. CEPAL. Oficina de Washington
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2018
Materias:	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS
Acceso en línea:	http://hdl.handle.net/11362/44330
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spelling	oai-11362-443302019-11-28T19:33:02Z U.S. Economic Outlook: Quarterly developments NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS Highlights: -In the third quarter of 2018, the U.S. economy grew at an annualized rate of 3.5% after rising 4.2% in the second quarter. Growth remained strong, but its composition deteriorated, as inventories accounted for almost two-thirds of the growth. Growth was led by consumer spending, which contributed 2.45% to growth, down from 2.6% in the second quarter, and inventories, which contributed 2.3%. -U.S. employers added 2,268,000 jobs from January to November 2018, more jobs than in 2017. Unemployment rate held steady at 3.7% at the end of November, the lowest level since 1969, while year-on-year wage growth was unchanged at 3.1%, equal to the quickest pace since April 2009. -The productivity of nonfarm workers increased at a 2.3% rate in the third quarter, a deceleration from the 3% advance in the second quarter. Labor costs cooled, signaling an easing in inflation pressures. -The trade deficit widened to its highest level in 10 years in October, rising more than expected. Imports have surged due to solid demand growth, while exports have dipped from their May highs due to rising tariffs and a relatively strong dollar. -The Federal Open Market Committee (FOMC) raised interest rates by a quarter point three times in 2018 so far – in March, June and September – and signaled that one more increase is on the way in December, as Fed officials expressed confidence on the strength of the U.S. economy. -The U.S. economic outlook becomes murkier in 2019, as policymakers weigh risks including slower global growth and less fiscal stimulus 2018-12-20T18:26:06Z 2018-12-20T18:26:06Z 2018-12-17 Texto Documento Completo http://hdl.handle.net/11362/44330 LC/WAS/TS.2018/8 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS
spellingShingle	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS U.S. Economic Outlook: Quarterly developments
description	Highlights: -In the third quarter of 2018, the U.S. economy grew at an annualized rate of 3.5% after rising 4.2% in the second quarter. Growth remained strong, but its composition deteriorated, as inventories accounted for almost two-thirds of the growth. Growth was led by consumer spending, which contributed 2.45% to growth, down from 2.6% in the second quarter, and inventories, which contributed 2.3%. -U.S. employers added 2,268,000 jobs from January to November 2018, more jobs than in 2017. Unemployment rate held steady at 3.7% at the end of November, the lowest level since 1969, while year-on-year wage growth was unchanged at 3.1%, equal to the quickest pace since April 2009. -The productivity of nonfarm workers increased at a 2.3% rate in the third quarter, a deceleration from the 3% advance in the second quarter. Labor costs cooled, signaling an easing in inflation pressures. -The trade deficit widened to its highest level in 10 years in October, rising more than expected. Imports have surged due to solid demand growth, while exports have dipped from their May highs due to rising tariffs and a relatively strong dollar. -The Federal Open Market Committee (FOMC) raised interest rates by a quarter point three times in 2018 so far – in March, June and September – and signaled that one more increase is on the way in December, as Fed officials expressed confidence on the strength of the U.S. economy. -The U.S. economic outlook becomes murkier in 2019, as policymakers weigh risks including slower global growth and less fiscal stimulus
author2	NU. CEPAL. Oficina de Washington
author_facet	NU. CEPAL. Oficina de Washington
format	Texto
title	U.S. Economic Outlook: Quarterly developments
title_short	U.S. Economic Outlook: Quarterly developments
title_full	U.S. Economic Outlook: Quarterly developments
title_fullStr	U.S. Economic Outlook: Quarterly developments
title_full_unstemmed	U.S. Economic Outlook: Quarterly developments
title_sort	u.s. economic outlook: quarterly developments
publisher	ECLAC
publishDate	2018
url	http://hdl.handle.net/11362/44330
_version_	1718438358376513536

U.S. Economic Outlook: Quarterly developments

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