Highlights from Graph Expo, PrintForecast Quarterly Survey and more
• The BLS corrects itself: they noted that they had been undercounting employment by +810,000 jobs (this was on a page 5 footnote of their last report; no one in the business media read footnotes, it seems)
• We’re averaging +78,000 net new businesses per month, which is more than 900,000 net new businesses a year
• Household wealth is now $53 trillion, +7% since last year (current dollars)
• Personal income is up +8.6% since last year at this time
• Corporate profits are up +18% since last year at this time
• Higher incomes mean that tax collections are up; corporate taxes are up +27%, and individual tax collections are up +13%
• Exports are up +8%, and are often increasing at rates higher than imports
• Conference Board consumer confidence index is now at 104 vs. 87 compared to last year at this time
- Places:
- U.S.
