The U.S. Economy Created 1.783 Million Jobs in July… The unemployment rate fell from 11.1% to 10.2%. What it means— Good news: we’re almost below double-digit unemployment! Of course, ...
Week In Review – August 3 2020
Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – July 27 2020
Covid-19 creating confusion and fear… Media reports of rising cases dominate the headlines. What it means— The media is not reporting much good news regarding falling death rates or demographic ...
Week In Review – July 21 2020
Initial Jobless Claims Stuck at 1.3 Million… Initial jobless claims eased by just a few thousand people, as another 1.3 million filed for jobless benefits for the first time. What it means— There ...
Week In Review – June 30 2020
COVID-19 Cases Skyrocket, Some Locations Reverse Course on Opening… States such as Texas, Florida, and Arizona, which reopened quickly, are experiencing record infection ...