Discover Boating Website Content Highlights Boat Show Experiences

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Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole February 5, 2024

FEATURED INDUSTRY NEWS Discover Boating Website Content Highlights Boat Show Experiences Discover Boating kicked off the New Year with the beginning of boat show season and continued to provide exciting updates on all upcoming shows. In January, readers learned about exciting features at the Discover Boating Minneapolis Boat Show, Discover Boating New York Boat Show, and Discover Boating Louisville Boat, RV & Sportshow, which all occurred in January. Notably, the New York Boat Show guide was the most-viewed blog post on Discoverboating.com in January, receiving over 4,000 page views. Read More LEADING ECONOMIC AND POLICY NEWS January Jobs Growth Was Much Stronger Than Anticipated CNBC reported that “job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday.” CNBC adds that “wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast.” Bloomberg reported, “For months, jobs data have pointed to a gradually cooling labor market across the US, which along with receding inflation helped fuel bets that the Federal Reserve would start cutting interest rates early in 2024. Friday’s blockbuster employment data turned that narrative upside down.”         The New York Times, Reuters and Axios also reported on the new jobs numbers. Americans Who Turned To Credit Cards To Fuel Spending Are Falling Behind On Their Debts The AP reports, “While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years.” Experts are concerned that these groups, generally lower to middle-income Americans who tend to be renters, are falling behind on their debts and could face worsening financial health in the year ahead. “The U.S. economy is currently performing better than most forecasters expected a year ago, thanks in large part to a resilient consumer,” Shernette McLoud, an economist with TD Economics, wrote in a report released Wednesday. “However, more recently that spending is increasingly being financed by credit cards.” Major Stock Indices All Rose More than 1% This Week While Treasury Yields Spike Reuters reports US stocks “ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon.” CNBC reports the S&P 500 “notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected. The broad market index added 1.1% to close at 4,958.61, above its previous record close of 4,927.93 reached on Monday.” The Dow Jones Industrial Average “added 134.58 points, or 0.4%, to 38,654.42, also a record close.” The Nasdaq Composite “climbed 1.7% to 15,628.95.” CNBC notes that “for the week, the S&P 500 added 1.4%, the Nasdaq Composite gained 1.1% and the Dow rose 1.4%. It was the fourth week in a row of gains for the major benchmarks after a stumble to start 2024.” Previous Top Stories  • 2024 Miami Innovation Awards Judges Announced, Honors To Take Place At Miami Industry Breakfast On Feb. 15  • US Worker Output Rises Over 3% For Third Straight Quarter, Easing Inflation Fears

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