RealPage Economy Express Episode 2

Episode 2: To default or not to default?

  • The U.S. economy added 253,000 jobs in April, bringing total gains this year to about 1.1 million.
    • Average hourly earnings only grew by 0.5% in April.
    • The Consumer Price Index rose by 40 basis points in April.
    • Retail sales only increased by 0.4% in April, falling short of expectations.
    • Consumer sentiment index dropped by 9%, indicating a lack of confidence among consumers.

For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.