U.S. Economy in a Snapshot Overview of the July 2023 Snapshot: Q1 GDP Growth Slows but Remains Solid, Driven by Consumption, Government Spending, and Net Exports; June Sees Solid Payroll Growth and Slight Drop in Unemployment; Food-at-Home Index 25% Above its 2019 Average.
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services up 2.6%—still greater then 2%… Average hourly earnings up 4.4% in June. The employment-to-population ratio for …
