Category Archives: Economic Outlook

Will Rise in Consumer Prices Squeeze Bev/Al Marketers?

Posted on February 10, 2022 by Joel Whitaker

The truth is, nobody — including us — knows what impact the 7.5% in consumer prices in January will have on sales of beer, wine and spirits.   But we think you should expect a repeat of the historical pattern in … Continue reading →

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Economy Watch: Bank of America Clients Spent 17% More in January

Posted on February 7, 2022 by Joel Whitaker

Bank of America said its 67 million consumer clients made $335 billion in total payments during January, a 17% increase over January 2021 and the second highest month of spending on record. This follows a 5% increase in total payments … Continue reading →

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2022 Starts with Strong Job Growth

Posted on February 6, 2022 by Joel Whitaker

Friday’s jobs report showed a better-than-expected increase in the number of jobs in January, says Frank Steemers, senior economist at The Conference Board. Disruptions related to the Omicron variant do not seem to have derailed continued progress in the labor … Continue reading →

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Economy Watch: U.S. Wage Growth Jumped 4.4%

Posted on January 26, 2022 by Joel Whitaker

Fourth quarter U.S. wage growth increased 4.4 percent.  Wage growth for both job holders and job switchers hit all-time highs of 5.9 percent and 8.0 percent respectively, according to the ADP Research Institute Workforce Vitality Report (WVR). Generation Z (24 years … Continue reading →

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US Chamber Seeks to Make Case that Business is Resilient

Posted on January 11, 2022 by Joel Whitaker

The U.S. Chamber of Commerce held its annual State of American Business briefing Tuesday (1/11), and Chamber President/CEO Suzzane Clark focused on the benefits competition brings, demonstrated most dramatically last year in “the race for COVID-19 vaccines and therapeutics. Who won? … Continue reading →

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Economy Watch: Services Sector Growth Slowed in December

Posted on January 6, 2022 by Joel Whitaker

Economic activity in the services sector grew in December for the 19th month in a row with the Services PMI® exceeding 60% for the 10th consecutive month, according to the Institute for Supply Management. Every major component of the Services … Continue reading →

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