The reports this week, for the most part, suggest improvement in many parts of the economy. Weekly new jobless claims and continuing claims continued to ease during June, but at a slow pace which suggests a slow recovery. Incomes fell following the...
The sharp rebound in May retail sales and improvements in other indicators suggest a V-shaped recovery may not be out of the question after all. Housing activity rose and builders appear confident in the recovery. Industrial production rose with...
Unsurprisingly, the National Bureau for Economic Research determined that the U.S. economy entered a recession in February, marking the end to the longest post-war economic expansion that began in June 2009. Reports coming out this week were few in...
Reports coming out this week included new data from May that suggest the decline is slowing and even improving in some sectors. The latest data on new claims for unemployment insurance continue to be historically high, but continue to decline each...
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...
