Economics Editor Bill Wood discusses the latest GDP numbers, which suggest a soft landing and a better outlook for the fourth quarter. Bill focuses on solid employment numbers and a surprising increase in nonfarm labor productivity. An interesting spike given the ongoing conversations about artificial intelligence in the workplace.
Corporate profits for manufacturing firms are showing some steady trends, particularly for computer parts, but non-durable goods aren't doing as well after 2022's "banner" year. Economics Editor Bill Wood looks at those profit numbers to scope out trends in plastics manufacturing and what's likely to come.