May 9, 2022Topics shared in this publication are:Job growth remains very strong, above 500,000 over the past 6 months. The leisure & hospitality sector remains at the deepest deficit relative to pre-pandemic but has also made the most gains recently.Labor force participation has improved notably in 2022, supporting job growth and easing some of the concerns of labor shortages.Businesses indicate demand for labor remains strong but may be plateauing.
On February 25, Wilmington Trust’s Chief Investment Officer Tony Roth hosted a webinar, “A Dark Day for Europe. The World Reacts,” which addressed how the Russia-Ukraine conflict could impact the U.S. and global economies as well as portfolios. He was joined by Chief Economist Luke Tilley, Head of Investment Strategy Meghan Shue, and Senior Portfolio Manager Mark Horst.
February 25, 2022—The Russian invasion of Ukraine this week put an end to months of speculation and brought the crisis to a new phase. As we wrote earlier this week, our investment committee elected to maintain our portfolio positioning. We believe the critical considerations for investors is whether the Russia-Ukraine conflict derails the otherwise optimistic global economic outlook by way of high energy prices (which could sap spending power) or by way of inflation.