Page 52 - DCAC November 2024 Files
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Consumer
Sentiment
Corporate
Profits
The U.S. economy added Consumer sentiment hit • After a decline in corporate • 70.1 in September, up profits in 1Q2024, we saw a 254,000 jobs in September, slightly from August. bounce back in 2Q2024, While sentiment remains • with corporate profits up unemployment rate of 4.1%. below its historical average 3.6%. The labor market has –in part due to higher weakened modestly since pri
Economic Update
Labor Market • resulting in an • 3.5%. Interest Rates • 5.00%. • employment.
Economy GDP increased at an • annualized rate of 3.0% in 2Q24, up nicely from 1.4% in 1Q24. This increase was primarily • driven by strong consumer spending and business investment. Inflation In September, the Consumer • Price Index (CPI) rose by 0.2%. Over the last 12 months, CPI • increased by 2.4%, the lowest annual increase since 2021.
