The reports this week are still largely negative although some glimmers of hope are apparent. While new weekly unemployment claims are still 10 times what they were pre-pandemic, they are trending lower and continuing claims declined for the first...
The reports this week were again negative. Although jobless claims fell for the seventh week they are still at high levels, resulting in 25.1 million, an insured unemployment rate of 17.2% for the week. Despite being designated an essential industry...
The reports this week added to a growing collection of record-breaking declines seen over the past few weeks.
Not surprisingly, retail sales in April posted the largest decline on record with declines across the board, except for online sales. The...
The reports this week continue a string of negative news. The March consumer debt data show consumers were anticipating the downturn and began repairing their balance sheets. The services sectors fell sharply in April and as jobs and incomes...
The reports are now starting to fully reflect the effects of the government lockdowns as a result of the coronavirus pandemic. The economy declined in the first quarter at an alarming pace and the second quarter will be much worse. Consumer spending...
