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Board = Conference Board, New York, New York; Fannie Mae = Fannie Mae, Washington, D.C.; GSU - EFC = Georgia State University, Economic Forecasting Center, Atlanta, Georgia; ICIMS=Holmdel, New Jersey; Moody's Economy = Moody's Economy.com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, D.C.; NAM = National Association of Manufacturers, Washington, D.C.; Perryman Gp = The Perryman Group, Waco, Texas; Royal Bank of Canada, Toronto, Ontario, Canada; S&P = Standard & Poor's, New York, New York; US Chamber = U.S. Chamber of Commerce, Washington, D.C.; Wells Fargo = Wells Fargo Bank, San Francisco, California. Hourly compensation rose 3.4 percent in February while the Consumer Price Index increased modestly by 1.5 percent, resulting in 1.9 percent real wage growth. A mix of the government shutdown and negative wealth effect of equity market losses were the culprits in dampening consumer spending, according to Dhawan of Georgia State University. Psychological distress due to employment insecurity and depletion of asset values exasperated an already weakened worker-employer relationship in the era of global supply chains and the platform economy.
Details
Housing starts;
Economic conditions;
Productivity;
Mortgage companies;
Inflation;
Labor costs;
Consumer Price Index;
Economic growth;
Equity;
Labor market;
Wages & salaries;
Workers;
Profit margins;
Labor force;
Mortgage rates;
Consumption;
Consumer credit;
Gross Domestic Product--GDP;
Unemployment;
Recessions;
African Americans;
Households;
Manufacturing;
Manufacturers
1 Associate Professor of economics at Pfeiffer University School of Graduate Studies