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 […]
Author: Floyd Norris
The Jobs That Are Not Back
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 – […]
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NYT > Business > DealBook
12 hours ago
Sorkin: Pushed by Pandemic, Amazon Goes on a Hiring Spree Without EqualView More
Will the economy get worse?
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 […]
The Worst Recession On Record, By One Measure
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. […]
Squeezing States and Cities
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 […]
How’s President Trump doing on the economy?
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. […]
Will Older Workers Stay Home?
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 […]
A Lost Four Years, But Better Than Hoover
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 […]
A Tale of Two Sectors
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 […]
Republican View of Economy: Getting Worse, But Still Better than Obama
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, […]
Votes, deaths and layoffs
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 […]
Market Volatility
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 […]
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