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Cary Street Partners 1Q Economic Update

Economic Recap: Economic growth in 2015 in the United States has clearly improved.  Two factors have made the situation this year different from 2014.  The first has been the job market, where the acceleration in job growth, the fastest in 15 years, was only the tip of the iceberg.  Job openings have risen across the economy, while small and medium sized businesses have been increasingly expected to raise wages.  At 5.5%, the unemployment rate has moved to a level that can no longer be disassociated from broadening and convincing strength in the economic foundation.

Cary Street Partners 1Q 2015 Economic Commentary and Capital Market Update