4411 Outlook

November 2, 2018 Economic Outlook

Nov 2, 2018  | Ep4411

It’s the final hours before the mid-term elections. A few things polls don’t show -- the need for new clothes and cellphones has overpowered record tariffs and more Americans have gone back to work. --

The unemployment rate held steady at 3.7 percent in October – a 49-year low.

Last month, 250-thousand jobs were created – continuing an 8-year trend.

The trade gap hit a record $266 billion despite a quarter-trillion in tariffs.

That record was powered by a consumer base that is the most confident in 18 years.

Regardless, Creighton’s nine-state Business Conditions Index was pulled lower on a shortage of skilled labor and tariff pressure on rural America.--

Grinnell Mutual Insurance