- Inflation is down sharply, to levels that have allowed the Fed to begin lowering interest rates, thereby supporting future investment and growth(with substantial lagsā¦)
- Employment growth remains solid, despite a low October read due to hurricanes and the Boeing strike, at close to 200K new jobs per month. The unemployment rate has ticked up about a half a point from its 55 year lows in 2023,but has held steady at just over 4%
- Job openings still exceed the number of unemployed persons (both in VT and the US), but the gap has been closing, and is now approaching more ānormalā levels
- …more