Shulou(Shulou.com)05/31 Report--

This month marks the 121st month of economic expansion after the financial crisis, the longest in history, dating back to 1854. According to the Bureau of Economic Research, the cycle began in June 2009, breaking the record of 120 months of economic growth from March 1991 to March 2001.

Perhaps because of the housing crisis, this operation is generally weaker than past expansion. Cumulative GDP growth is equivalent to 25%, well below previous booms.

Although the unemployment rate fell from a peak of 10 per cent in October 2009 to 3.6 per cent in May, the lowest level since 1969, employment growth is relatively slow compared with other postwar recoveries.

However, economists said that despite internal weakness, the expansion continued with the latest push for tax cuts and business deregulation in 2018.

However, if you want to continue to rewrite the log book, you seem to need some help now. After a strong 3.2 per cent growth in the first quarter, the GDPNow tracker of the Federal Reserve in Atlanta points out that the economy grew by just 1.5 per cent in the second quarter. A quick update survey of consumer news and business channels will track 1.8% of GDP.

All eyes will be on Friday's economic situation and employment report. Economists expect 158000 jobs to be created in June, up from a disappointing 75000 in May, according to Luft. The unemployment rate is expected to remain unchanged at 3.6%.

Wall Street seems divided over whether this expansion will continue. Some think the Fed will save the day by cutting interest rates, while others think that additional stimulus measures will not fight the coming recession, or that the Fed does not have enough enthusiasm to stop it.

"We still do not see a recession, but we are still more worried about future downside risks than upside risks," Torsten Slok, chief economist of Deutsche Bank, said in an email. "given the continued slowdown in the data and uncertainty about how long the trade war will last, we see the Fed cut interest rates in July, September and December."

The profitability of the company must not look optimistic. Now, 77% of companies that issue pre-announcements say their profits will fall short of Wall Street expectations, the second worst quarter in history and dating back to 2006.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.