Just one month after issuing an optimistic forecast for 2019, the Federal Reserve Bank of Dallas is walking back some of those predictions. Rather than last year’s strong 2-point-7-percent job growth, economist Emily Kerr says we’ll have to settle for 2-percent or less.
One problem retailers and manufacturers are facing is a higher cost for labor and raw materials compounded by companies being unable to pass the costs along due to competitive pressure. Kerr says that cuts into profit margins.
(Photo: Shutterstock by Eakphum)
