Sharkey, Howes & Javer

This week on “Inside the Economy”, we explore the broader economic indicators, such as U.S. gross domestic product (GDP), employment, and housing and vacancy rates. Overall U.S. GDP growth has slowed as a comparison of 2023 to 2024 quarter one readings. When might we see negative GDP growth? Will there be a recession? Government employment has recently stabilized and is back to its pre-covid trend. How does this compare to non-government jobs and unemployment? Lastly, home buying conditions are down. What does this mean for new home sales? Tune in to learn more! Key Takeaways: • U.S. GDP growth rate at 1.3% in Q1 • Unemployment at 4.1% • 30 yr. Mortgage at 6.95%