Perspectives Blog

VIDEO – U.S. economic outlook

Colin Moore, Global Chief Investment Officer | September 9, 2013

While total GDP growth is struggling around 2%, the private economy is growing at about 3%. Though growth in the rest of this year may continue to be slow, the impact from changes in wage taxation and the sequester should begin to diminish in 2014. Overall, the outlook for the U.S. is not tremendous, but reasonable – and particularly good compared to most of the rest of the world. See more Market Insights from Columbia Management….

Payroll lite

Marie M. Schofield, CFA, Chief Economist and Senior Portfolio Manager | August 8, 2013

…bs but little growth in average hourly earnings and hours. Health Care limped in with a 8K gain, the weakest since 2003, on job cuts in hospital and nursing care facilities that have seen Medicare payments reduced (due to the sequester) and are feeling cost pressures from the Affordable Care Act. The business survey report has seen more tepid job growth in the last three months averaging about 175K. This is down modestly from 200K quarterly aver…