The U.S. Economic Month at a Glance: April 2016

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The U.S. Economic Month at a Glance: April 2016

Global Economic Analysis

Author: Christopher Beckman

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  • Real GDP expanded at a tepid 1.4 per cent in the final quarter of last year and is on track to grow by slightly less than 2 per cent in the first quarter of 2016.
  • We expect oil prices to gradually improve for the remainder of this year—but it will be a bumpy, volatile road.
  • The economy generated 215,000 new jobs in April and the unemployment rate increased to 5 per cent, up from 4.9 per cent in February, as the participation rate rose.
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A snapshot of the U.S. economy for the last six months.

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