PNC Economics Research

February Job Losses Raise Labor Market Concerns

The U.S. economy lost 92,000 jobs in February, well below the consensus
expectation for a gain of 65,000.

6 March 2026 | Gus Faucher  

Economic Consequences of the Iran Conflict

The United States and Israel conducted coordinated strikes over the weekend on Iran that killed Iran’s Supreme Leader.

2 March 2026 | Brian LeBlanc  

Supreme Court Strikes Down IEEPA Tariffs

 
The Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA).

 2 Mar 2026 | Rayhan Momin

Consumer Health Check

Using PNC’s proprietary data to illuminate trends and risks shaping U.S. consumer health.

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Data Releases

CPI Inflation Matched Expectations for February 2026

CPI Inflation Matched Expectations for
February 2026

11 March 2026 | Kurt Rankin

Existing Home Sales Rose in February

Existing home sales rose 1.7% in February from January.

10 March 2026 | Ershang Liang   

February Job Losses Raise Labor Market Concerns

The U.S. economy lost 92,000 jobs in February, well below the consensus expectation for a gain of 65,000.

6 March 2026 | Gus Faucher

Retail Sales Slipped in January

Retail sales slipped 0.2% month-on-month in January, in line with PNC’s forecast.

6 March 2026 | Jay Hawkins   

Initial and Continuing Jobless Claims Remain Low in February

Initial jobless claims held steady at 213,000 in the week ending February 28.

5 March 2026 | Stuart Hoffman   

Nonfarm Productivity Growth Remained Solid in Q4

Nonfarm business productivity rose 2.8% annualized in the fourth quarter, down from 5.2% in the third quarter.

5 March 2026 | Jay Hawkins   

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Monthly detailed writeup on PNC's outlook for the economy and interest rates.

Published semi-annually, PNC's survey of small and mid-size business owners' expectations for their own businesses' performance, and their outlook for the national and regional economies are described in detail (available in March and September).

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