I’m excited to share the current Experian Commercial Pulse Report with you. I have the opportunity each week to analyze data on the millions of U.S. small businesses in Experian’s database and discover actionable insights that benefit our clients. Making these discoveries is rewarding work, and we utilize these insights to guide our recommendations. I thought I would share what I am watching through Experian’s bi-weekly Commercial Pulse Report (just bookmark the link; we will update it on a bi-weekly basis).
What I am watching:
- Q1 GDP slowed to 1.6% compared to 3.4% in Q4 2023.
- April unemployment rate inched up to 3.9% in April, up from 3.8% in March. April was the 27th consecutive month with unemployment under 4%.
- The Federal Reserve did not change rates at their May 1st meeting and indicated that they will not reduce interest rates until inflation is closer to their 2% target.
- Since the COVID-19 shock to the supply chain, business logistics are normalizing. Take a look inside this week’s report to delve into trends in the trucking industry.
That’s a quick take – Download the latest report.
