Economic Impact: The economy is performing well but are there signs a possible recession is looming?

A shopper checks out holiday ornaments inside the Target store at 9001 Staples Mill Road in Henrico County on Nov. 19, a few days ahead of Black Friday. Over the past month, many analysts have started to talk about the possibility of a recession looming in 2019. And with good reason. All three major stock market indices finished 2018 with their worst annual performance since 2008.

Trade War and Chinese Currency Devaluation

Since President Trump took office, trade policy has been an essential component of his overall economic agenda, in addition to tax cuts and regulatory changes. After passing the tax cut legislation in 2017, the administration started implementing major changes to trade policies in 2018 with goals of reducing the U.S. trade deficit and generating jobs in America. For example, the administration re-negotiated the trade agreement with Mexico and Canada (USMCA Agreement) to replace the North American Free Trade Agreement (NAFTA).

Why Economic Diversity Matters

Though the economy has been booming and consumer confidence hast hit an eighteen-year high, the chances of a recession in the next two years is increasing according to Chmura’s economists. As such, economic developers may be asking themselves a tough question: “How well can my region withstand another economic recession?”

RTI Job Posting Alerts: Automate tracking of your local and peer hiring trends

Clients who subscribe to our Real-Time Intelligence (RTI) Jobs Posting Data module will notice the addition of a powerful new automation tool within the JobsEQ platform. We can now get up real-time updates about the hiring landscape in a target region – delivered directly to our email. This new feature is a great benefit to those who devote a lot of effort to tracking growing employers in local and peer regions to look for current and future labor trends.