Proposal demanded for legislation safeguarding employees from radiation hazards.
New Publication: "Names and Notes" Economic Roundup for August 2025
In a bid to keep readers informed about the latest happenings in the economic sector, we are excited to introduce a new feature on our blog – the "Names and Notes" section. This section will publish occasional posts, featuring a collection of brief news items and updates on various topics.
The latest edition of the "Names and Notes" series is based on the Economic Update for the week of August 18, 2025. This update offers a comprehensive overview of key economic developments.
U.S. Economic Growth in Q2 2025
The U.S. economy grew by 3.0% annualized in Q2 2025. However, some underlying softness is masked by trade distortions. Consumer spending, business fixed investment, and government spending rose modestly, while housing investment declined significantly. Inventories fell, reducing GDP growth, but net exports contributed positively due to a sharp import decline. Policy uncertainty in the first half of 2025 weighed down economic momentum [1].
July Jobs Report
The July jobs report was weaker than expected, with nonfarm payrolls rising by 73,000 versus a consensus forecast of 104,000. Revisions removed 258,000 jobs from prior months, the largest downward adjustment since 1979 outside of the pandemic period. Despite this, wages increased 0.3% month-on-month and 3.9% year-on-year. The unemployment rate ticked up slightly to 4.24%. This weak labor data increases the likelihood of a rate cut by the Federal Reserve in September unless unemployment stabilizes in August [1].
Global Growth Forecasts and Inflation
Global growth forecasts have been revised down due to tariffs, with inflation expected to decline slower than anticipated. The US faces a softer growth outlook but no immediate recession is expected unless tariff negotiations fail. US core PCE inflation remains somewhat sticky due to service sector inflation like housing and healthcare, drawing Fed attention to managing inflation expectations [2].
Construction and Investment Sectors
The construction and investment sectors face mixed signals. Rising construction planning activity, driven by data center projects, contrasts with overall nonresidential spending remaining weak amidst rising material costs linked to tariffs [4][5].
Corporate Earnings Reports
Corporate earnings reports show strong revenue and earnings beats, a positive sign for economic activity, somewhat counterbalancing concerns over tariffs and demand softness [3].
Together, these updates offer a nuanced picture of the economic sector’s current status, emphasizing growth moderation, labor market softness, and inflation and tariff-driven uncertainties.
Browsing the "Names and Notes" Section
The "Names and Notes" section can be easily navigated. The information text field can be scrolled down if the text is lengthy. Display issues may occur depending on the browser used, and it is recommended to use Mozilla Firefox to avoid such issues. Each post in the "Names and Notes" section will open a photo and an information text field when clicked.
The decision to publish these occasional posts was made to ensure that important news doesn't go unnoticed. Clicking on the photo gallery and the first image opens a photo and an information text field. The "Names and Notes" section will feature occasional posts of this nature, offering readers a quick and concise overview of the latest news from various topics.
[1] Federal Reserve Economic Data (FRED) [2] The Wall Street Journal [3] Yahoo Finance [4] Construction Dive [5] The Washington Post
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