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Fishkind Conversations: Is The Economy Growing, Slowing Or Both?


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90.7's economic analyst Dr. Hank Fishkind, President of Fishkind and Associates

90.7's economic analyst Dr. Hank Fishkind, President of Fishkind and Associates


New economic reports for the U.S. and Florida are out, and they seem contradictory and confusing. Retail sales were much weaker than expected and the consumer price index went down, but nearly 250,000 jobs were created nationally in the past year and the number of new unemployment claims dropped, too.

So, is the U.S. economy growing, or slowing? 90.7’s economic analyst Hank Fishkind says it’s doing both. He explains how the data balance out nationally and locally, starting with a look at the “slow” side.

Hank’s Highlights:

  • The big national news was a 0.3% drop in retail sales, which was far weaker than expected. In addition, there were three reports on inflation, including the consumer price index, which all showed declining core prices. But, the report on new claims for unemployment compensation was far stronger than expected with new claims dropping to their lowest levels for this business cycle.
  • Job growth was very strong at 248,200 jobs generated over the last 12 months and the unemployment rate dipping below 5%. And Orlando continued to lead all Florida metro areas with a job growth of 49,200.
  • The key to the outlook continues to revolve around the job market. The latest data on new claims for unemployment compensation point to further strong gains in employment ahead.

 


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Nicole Darden Creston

About Nicole Darden Creston

All Things Considered Host and Reporter

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined WMFE in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from ... Read Full Bio »

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