Quick Note - Sorry for the delay in posting, I had to go out of town on business, and have not been able to get to the computer…This post was written a week ago, but it is an August recap.
Economy Update
Here is a quick, easy to read update on the US Economy based on some of the Economic numbers recently released…
US Economy
US GDP grew at 1.9% annual relate (relatively small)
US Housing continued to drop…it is now at its lowest level since the early 1960’s
Unemployment continued to increase, up to 6.1% unemployed, this is the highest level since September of 2003.
Inflation continued to rise. The June increase comes in at 3.2% annualized rate. This is mostly a result of high energy and commodity prices.
The US Dollar however has gained value relative to Europe and Japan. The dollar is up against the Euro, Great Britain’s Pound, and Japan’s Yen by 8%, 9%, and 5% respectively.
The Blog for Men US Economy Grade for August: C
The blogformen gives the US Economy in August a C. We figure for August, the economy is the kid in class that is trying hard, studying, but just not able to get over the hump.
Sources: Federal Reserve Bank of Dallas
Flickr Credits: Gaetan Lee
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