Strengthening U.S. Economy Bodes Well for Houston

Despite issues including inflation and the Russia-Ukraine war weighing on consumer sentiment, the U.S. economy continues to move in a positive direction as does the local economy, according to Partnership Senior Vice President of Research Patrick Jankowski. 

Jankowski delivered an update as part of the organization’s digital Economy Series on April 6. He outlined several indicators of strong momentum as well as issues to monitor as we move into the second quarter of 2022. 

  • The U.S. GDP grew just under 7% in Q4. Jankowski said this is perhaps the strongest GDP growth the nation has experienced in recent history and an indicator of continued growth. 
  • New orders for manufactured goods and private domestic investment are both at their highest levels in more than four years. 
  • The March national jobs report shows the country is creating jobs at twice the 10-year average. Employment is currently just…

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