Economy Archive

With a weary economy, political anxieties and inflation abound, it is no surprise that 2024 saw fewer people voluntarily leaving their jobs. According to the Bureau of Labor Statistics, the quitting rate dropped to a low 2.2%, with many Americans opting to stay in their current positions. The trend, dubbed the Great Stay, comes only two years after the peak of the Great Resignation, when a whopping four million people were quitting each month. 

NACM’s Credit Managers’ Index (CMI) hit a 26-month high in November, jumping 2.4 points to 55.3. “The strength in the index comes primarily from improved sales revenue, but dollars collected on due and past-due invoices also improved markedly as did the dollar amount of credit extended,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

Sanctions were a cornerstone of President-Elect Donald Trump’s first administration’s foreign policy strategy. Following his victory in the 2024 election, many are expecting to see an increase in sanctions and tariffs, but the extent is still unclear.

With only 40 shopping days left until Christmas, it’s looking like this holiday shopping season will be a bit different from the past few years. With less time between Thanksgiving and Christmas than normal, customers will be packing a lot of their holiday shopping in a shorter period of time.

In October, NACM’s Credit Managers’ Index (CMI) presented a mixed economic picture, with a 0.2-point drop to 52.9 month-over-month, but a 1.5-point gain year-over-year. This level suggests that while the economy remains in expansion, growth is tepid amid notable risks.

On Tuesday, about 45,000 port workers went on strike after their contract expired, following unsuccessful last-minute negotiations between the International Longshoremen’s Association and the U.S. Maritime Alliance, which represents port operators and container carriers. The daily economic cost could be anywhere from $540 million to upwards of $4 billion.

Hurricane Helene, a Category 4 storm that tore through the Southeast of the United States last week, has left more than 160 people dead and is estimated to cost the country as much as $34 billion, according to Moody’s Analytics.

In the four years since Congress amended the bankruptcy code to assist small business reorganizations, credit managers still have mixed opinions on the success of these filings.