Issues and events that shape Long Island's economic and legislative landscape.

Thursday, September 29, 2016

LIA Monthly Economic Report - Foundations for U.S. economic growth

The foundations for broader U.S. economic growth are beginning to take shape.  Recent signs of economic strength included a surge in consumer confidence, growing strength in the service sector, strong corporate profits and a rising stock market.  However, the March employment report was weaker than expected and economists are still awaiting convincing evidence that economic growth has become self-sustaining.  Until this happens, the recovery will remain fragile and subject to external shocks such as rising petroleum prices and/or weakness in the global economy.

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