U.S. economy set for another strong year in 2019 （ZT）# Stock
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The U.S. economy outpaced all other developed economies in 2018, growing by
almost 3%. The coming year is shaping up to be another solid one with the
2018 tax reform continuing to support business investment and consumer
spending.
The robust growth in 2018 came despite trade tensions, rising interest rates
and weakness in the housing market. Stimulated by tax cuts, GDP growth
translated into a red hot job market. The unemployment rate is now 3.7%, the
lowest rate in 50 years.
The economy should continue to create jobs in 2019, pushing unemployment
further below what US government considers to be a full employment level.
Indeed, an increasing number of businesses are reporting difficulties in
hiring employees, and wage growth is heating up. It’s now up to an
annualized rate of 3%. Essentially, the U.S. economy is running at full
capacity.
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/publications/
monthly-economic-letter/pages/1901.aspx?utm_campaign=MEL--Monthly-economic-
letter--01-2019--NEWS--EN&utm_medium=email&utm_source=Eloqua#onglets=2
almost 3%. The coming year is shaping up to be another solid one with the
2018 tax reform continuing to support business investment and consumer
spending.
The robust growth in 2018 came despite trade tensions, rising interest rates
and weakness in the housing market. Stimulated by tax cuts, GDP growth
translated into a red hot job market. The unemployment rate is now 3.7%, the
lowest rate in 50 years.
The economy should continue to create jobs in 2019, pushing unemployment
further below what US government considers to be a full employment level.
Indeed, an increasing number of businesses are reporting difficulties in
hiring employees, and wage growth is heating up. It’s now up to an
annualized rate of 3%. Essentially, the U.S. economy is running at full
capacity.
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/publications/
monthly-economic-letter/pages/1901.aspx?utm_campaign=MEL--Monthly-economic-
letter--01-2019--NEWS--EN&utm_medium=email&utm_source=Eloqua#onglets=2
