United States Economic Update – October 2015

Measured employment growth has been softer in last two months. But the data are noisy and other indicators do not show any labour market softening.

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Key Points

  • Measured employment growth has been softer in last two months. But the data are noisy and other indicators do not show any labour market softening.
  • The US economy is expected to continue growing at a moderate pace, with GDP growth of 2.5% expected in both 2015 and 2016. The September quarter looks like it may be on the soft side, continuing recent volatility in GDP growth.
  • December is still the most likely month for the Fed to start lifting rates; but there is a clear risk that it might be delayed.

For further details please see the attached document.

US Economic Update – 9 October 2015 (PDF, 132KB)