Charlotte Talks: Mid-Year Check On Economy, From Jobs To Amazon
Monday, June 26, 2017
Despite all that's going on in Washington, the economy is holding steady. But that doesn't mean the status quo will last for long. A mid-year look at the economy with guest host Tom Bullock.
2017 began with the arrival of Donald Trump in Washington and questions about the reality TV businessman's potential impact on the economy. But so far, the needle hasn't really moved.
Economic gauges show growth remains moderate, and the Federal Reserve, which raised interest rates last week, has concluded the current pace is about as good as it will get for the time being. Forecasters also expect sluggish growth for Charlotte and North Carolina.
The job market, meanwhile, continued to show strength in the May jobs report, marking 80 consecutive months of job creation. The jobless rate fell to the lowest level in 16 years, and some analysts see the economy as nearing full employment.
At the halfway point of 2017, we take stock of the economy's performance so far this year.
Tim Quinlan, senior economist, Wells Fargo
Dr. Mike Walden, economist, North Carolina State University
Chris Farrell, senior economics contributor, Marketplace