Charlotte EBCS: Second Quarter 2025 Report
May 02, 2025 / RERI Research Team
Hard data available at the national level would suggest that the economy remains resilient despite some evidence of slowing growth. The labor market did not waver, with the national unemployment rate measuring at 4.2 percent in March, staying within the range often considered “full employment” by economists. Inflation, as measured by the Consumer Price Index (CPI), reported at 2.4 percent in March 2025, coming in below economist forecasts. Advanced estimates for real Gross Domestic Product (GDP), a measure of domestic economic activity in our economy, decreased at a 0.3 percent annualized rate for the first quarter, it’s first decline since the first quarter of 2022.