Economist Viewpoint: U.S. Consumer Spending Power Strong Despite Higher Prices
In February, companies will continue to deal with massive economic disruption. With a challenging labor market and waning government support, business leaders find themselves still dealing with COVID fallout. In addition, inflation remains a key concern as higher prices pose a significant risk to spending and economic recovery as a whole.
In this economist viewpoint, Michelle Green, Prevedere’s Director of Economic Services, provides her analysis of labor market data, including job openings and labor turnover, wage growth, and inflation, to paint a picture of the current consumer spending position.
Download the complimentary viewpoint to learn how consumer spending stacks up against inflation and what it means for economic recovery.
About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.