Have you ever wondered what a $1,847 billion gig economy would look like in ten years, i.e., by 2032? Well, it’s already gaining serious momentum, with the market valued at $556.7 billion in 2024 and expected to grow at a whopping 16.18% CAGR, according to Business Research Insights. Read the full…...
Monthly Jobs Report: Hiring Snapshot
Following a sleepy summer, the labor market woke up with the release of the September jobs report from the U.S. Bureau of Labor Statistics (BLS). Reporting strong gains of 242,000, employment growth was widespread across industries. Likewise, Monster job numbers continued to grow with overall active job postings up 4% over…...
3rd Quarter 2024 Market and Economic Review | FSWA Blog
Key Updates on the Economy & Markets The major development in 3Q24 was the Federal Reserve’s decision to cut interest rates by -0.50%, the first rate cut of this cycle. It came as the Fed shifted its focus, with unemployment rising to a 33-month high and inflation moving back to…...
Economic Forecast for the US Economy
Recent financial market gyrations notwithstanding, the US is likely not on the cusp of recession. Nonetheless, the economy is expected to lose momentum in H2 2024 as high prices and elevated interest rates sap domestic demand. Real GDP growth rose by an unexpected 2.8 percent quarterly annualized in Q2 2024…...
Seizing Late-Cycle Opportunities Economies move in cycles
Economies move in cycles, and each cycle brings its own challenges and opportunities. In many aspects, the current cycle has shown signs of aging and we are likely in late cycle. As investors debate the chances of growth or recession, we think the journey merits its own consideration. Staying on…...
The U.S. Economic Recovery in International Context
With the American Rescue Plan’s two-year anniversary now behind us, this blog post revisits the economic impact of pandemic response policies of the Biden Administration. The economic recovery from the pandemic in the United States has been historic relative to prior episodes with employment recovering to pre-crisis levels much faster…...
Cooler hiring in June could help the Fed achieve an elusive ‘soft landing’ for US economy
The pace of hiring by businesses and government agencies in June — 209,000 added jobs — was the smallest monthly gain in 2 1/2 years. Yet it was still a healthy increase, enough to reduce the unemployment rate from 3.7% to 3.6%, barely above a half-century low. And it amounted…...
US Economic Forecast Q1 2023
A potential “soft landing” for the US economy might just be in sight. The end-of-year decline in retail sales and industrial production were reminders that the economy is slowing, but January saw signs that the economy might still be growing too fast for the Fed’s liking.1 Some additional obstacles have appeared…...
Three Main Reasons Why the Global Economy Is Slowing Down
According to the World Bank's latest Global Economic Prospects report, the global economy is stepping into a noticeable slowdown after a strong rebound in 2021 amid new threats from COVID-19 variants and a spike in inflation, debt, and income inequality that could jeopardize the recovery in emerging and developing economies. …...
