Economics Group: Weekly Economic & Financial Commentary
U.S. Review
Labor Market Strength Pushes Economy Forward
- Following last week’s report of 214,000 new jobs added in the economy, labor market indicators remained firm this week. The JOLTS survey showed that more individuals are comfortable enough with current job prospects to quit their current job, while hires continued on an upward trend.
- NFIB small business optimism increased, as recent survey data paint a strong picture for businesses and consumers. Retail sales bounced back in October despite the recent decline in gasoline prices weighing on the headline. Strength in the “control group,” which factors into the real GDP calculation, points to a solid start to Q4.
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Wells Fargo Weekly Economic & Financial Commentary — November 14, 2014
Tags: economy