Economic growth was robust throughout 2021 as vaccinations increased and stay-in-place behaviors began to abate.
Jordan, Knauff & Company
Ten industries reported growth in production during the month.
Average hourly wages were up 4.8% in November over the previous year.
Companies and suppliers continue to deal with hurdles to meet increasing demand despite increasing prices.
Factories waiting longer for supplies.
COVID-19 highlighted the fragility of the supply chain model in times of stress.
Renewed concerns over COVID-19 took a toll on hiring in August.
Renewable energy consumption increased to a record high of 11.6 quads.
The Employment Index experienced the largest drop of the month falling to 50.9%.
Pump market analysis shows Backlog of Orders Index surged to a record high.