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Join NWSOFA’s August 13th Fiscal & Economic Discussion: Insightful Economic Update & Discussion.. 8/13 @7PM
August 13 @ 7:00 pm - 9:00 pm
The NWSOFA Fiscal and Economic Issues group will meet on Zoom, Tuesday, August 13th @7 pm.
The Zoom room will open by 6:55 pm. Come join us, catch up on this year’s US & IL economic news and share your thoughts.
US Economy shows some signs of slowing down with a lower than expected 114,000 new jobs in August’s BLS July report… Still it’s “Good but not to Strong” Economic trend… Stock Market Reacted .. with Stocks Tumbling .. then climbing back. The Biden/Harris administration has “42 straight months” of continued positive / record jobs growth .. now over 16 million new jobs with wage gains of 4.1% (over 12 months) exceeding the 3.3% 12 month inflation increase.
Think of the impact of nearly 16 million new jobs all contributing to SS, Medicare & Unemployment Compensation etc and not drawing down On unemployment payments…A Huge positive impact!
RSVP to let us know you will be attending .. RSVP by clicking here—>> https://mobilize.us/s/j1sw4x
Latest highlights … economic information to discuss at our August meeting:
- New jobs were +114,000 in July job growth, May and June revised down by -29,000 as reported in the July (June) BLS report
- New Unemployment rate ticks up to 4.253% reported in the July BLS report
-CPI inflation reduced in June by .1% ..an overall average increase of 3.3% over last 12 months[..
- Average hourly earnings for all employees increases .1% in July … for last 12 months reported in the BLS = 4.1%
- The labor force participation rate was at 62.7 percent in July
A good chance we will have a soft landing without a recession. Come join us on Tuesday, August 13th to hear what we think may happen with the economy in 2024l
This is a ZOOM only event.. on Tuesday, August 13th @6:55 PM central join the 7:00 PM call Zoom by clicking here -> https://bit.ly/NWSOFA-Zoom