Dr. Alan Beaulieu of ITR Economics gave his usual entertaining and fact-filled talk at the National Fluid Power Association’s annual International Economic Outlook Conference this month. Beaulieu stressed that despite all the fervor, the economy unfolded in a predictable manner — and the economy is bigger than Washington, D.C. He pointed out that the average…

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July New Business Volume Up 4 Percent Year-over-year, Down 10 Percent Month-to-Month, Up 4 Percent Year-to-date Washington, DC, August 23, 2018—The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for…

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Employment Summary for July 2018 The job gains initially estimated by the U.S. Bureau of Labor Statistics for June were recalculated from 213,000 to 248,000. As such, some economists consider the total increase in nonfarm payroll employment for July – 157,000 jobs – an even more significant decline from June’s numbers. Other analysts see it…

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Construction Officials Say Firms Would Likely Have Added More Workers if they Could Find Them, Urge Education Officials to Do More to Encourage Students to Consider High-Paying Construction Careers Construction employment increased by 19,000 jobs in July and by 303,000 jobs over the past year, reaching a 10-year high, while the industry’s unemployment rate and…

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