Robert Hughes

Private-Sector Job Openings and Quits Hit New Highs in March

“Private-sector job openings and quits rose to new record highs in March. Labor difficulties, material shortages, and logistical issues as well as high inflation, a new Fed tightening cycle, and global economic disruptions are threatening the U.S. economy.” ~ Robert Hughes

Recent Trends Continue in April Manufacturing-Sector Survey

“Recent trends in the manufacturing sector continued in April as demand remained robust but price pressures, labor and materials shortages, and logistical issues continue to be challenges. Recent events in Ukraine and China are compounding the difficulties.” ~ Robert Hughes

Weak Headline Masks Underlying Resilience in First Quarter GDP

“Weak headline GDP growth masks the resilience of private domestic demand. However, continued price pressures, a new Fed tightening cycle, the war in Ukraine, and upcoming elections are boosting risks to the outlook.” ~ Robert Hughes