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

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

Global Economic Analysis

Author: Christopher Beckman

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  • The impact on the U.S. economy from the Brexit referendum, at least over the near term, will be minimal.
  • In June, the economy generated a much-larger-than-expected 287,000 new jobs, and the unemployment rate increased to 4.9 per cent as more Americans returned to the labour market.
  • The Fed will base its decision on future interest rate increases on developments in both the domestic and global economy.
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A snapshot of the U.S. economy for the last six months.

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