The US Labor Market Last week, the Bureau of Labor Statistics announced that the US economy created 128,000 new payroll jobs. So far, the participation rate is the highest it’s been since 2013. However, people are…
Thought Leadership
This past Monday, I told some co-workers this was going to be one of the biggest weeks of the year, if not the biggest. There was an FOMC (Federal Open Market Committee) meeting on Wednesday to…
This morning, the Bureau of Labor Statistics (BLS) released The Employment Situation – October 2019. It showed the US economy created 128K net new ‘payroll’ jobs and the Unemployment Rate increased slightly to 3.6% from 3.5%.…
This afternoon, the FOMC (Federal Open Market Committee) announced today it intended to cut the overnight lending target bank between member banks by 25 basis points to a range of 1.50-1.75%, and instructed the Open Market…
The Bureau of Economic Analysis released its ‘first stab’ at calculating 3Q 2019 GDP (Gross Domestic Product) this morning (10/30/2019). It estimates/estimated the US economy grew at a 1.9% annualized rate last quarter. This was slightly…
High Income and Corporate Taxes This week, John and Sam focus on the importance of taxation in order to boost economic growth and alleviate poverty. Dr. Abhijit Banerjee, a professor at MIT, was recently featured in…
In case you might have missed it, there is currently a brouhaha in the NBA (National Basketball Association) over a tweet Houston Rockets’ GM Daryl Morey posted on October 4, 2019. In it was an image…
Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What is the biggest threat to your economic forecast and investment strategy moving forward into 2020? First things first, the Federal Reserve is almost…
Oakworth Capital is continually striving to improve our client experience. As part of this effort we are improving how we process checks issued through Oakworth Online Bill Pay. Beginning Sunday, September 1st, Bill Pay checks will now be issued directly…
The Shift in Consumer Values There is no doubt that consumer buying patterns are evolving, but after driving by 2 fine jewelers that are going out of business, John and Sam notice that people are shifting…