The United States, unlike many countries, releases its GDP figures as annual rates. That makes no sense now, when there are clearly forces at work that will not continue for […]
Friday’s employment report indicates almost half of the jobs that vanished in the Pandemic have been recovered.. But there are some industries where there has been hardly any recovery – […]
Source: The Conference Board
Remember the sunny forecasts when the Pandemic began? This was to be a brief recession, followed by a “V” shaped recovery.
You could see that forecast […]
It is tempting to look at the continued recovery of the labor market in July and be encouraged – even if there are indications that August may see a reversal. […]
One number stands out in today’s estimate of second quarter GDP, and it isn’t the overall real GDP decline of 32.9%, on an annualized basis, even though the headlines will […]
The new Quinnipiac Poll, released Wednesday, finds that – for the first time this year – more people disapprove than approve of the way President Trump is handling the economy. […]
Many older Americans reacted to the financial crisis of 2008 by deciding not to retire. Some who had retired went back to work if they could do so. And that […]
The United States may be on the verge of an unfortunate accomplishment rarely reached in the last century: a presidential four-year term in which real per capita GDP was lower […]
The private sector added jobs in May almost everywhere in the United States. The public sector lost jobs, also almost everywhere.
Those two trends seem likely to persist in the […]
Just how bad is the economic outlook? These days the answer seems to depend on the politics of the person being asked.
The Bloomberg Consumer Comfort Index is released weekly, […]
There are 50 states, but only 13 where the 2016 presidential election was decided by a margin of less than eight percentage points. Six of them went for Hillary Clinton […]
Get ready for another crazy month on Wall Street. Months like March tend to come in pairs, at least as far as volatility goes.
Daily moves of 4% or more […]