4350 Outlook

August 3, 2018 Economic Outlook

Aug 3, 2018  | Ep4350

The nation’s annual deficit is approaching 5 percent of GDP – nearly a TRILLION dollars annually - as tax cuts come into play and the economy surges.

The unemployment rate ticked down to 3.9 percent as 157,000 jobs were created last month. This is below the 6-month average but economists remain impressed.

The Fed has been tracking the numbers over the last few quarters and left interest rates alone.

In a snapshot of Midwest vitality, the Creighton Mid-America Economic Index fell 4 points but continues to point towards growth.

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