Household Net Worth Hits A Record While Government and Corporate Debt Pile Up

– September 23, 2020

“Despite the pandemic, restrictive government policies, and recession, household net worth rebounded to a new record but excessive debt in other sectors is a risk.” – Robert Hughes

READ MORE

Single-Family Housing Permits Hit a Multi-Year High

– September 17, 2020

“Single-family housing is becoming one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites transition to less dense housing.” – Robert Hughes

READ MORE

Total Unemployment Benefits Recipients Remain Near 30 Million

– September 17, 2020

“The number of unemployment benefits recipients remains very high, suggesting a slow labor market recovery and uncertain path for economic growth.” – Robert Hughes

READ MORE

Retail Spending Rises in August But the Pace Slows

– September 16, 2020

“Retail sales posted another gain in August, but the pace is slowing; persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes

READ MORE

Energy and Vehicle Production Fall While Other Industries Continue to Rebound

– September 15, 2020

A manufacturing rebound continued in August, but recoveries vary widely across industries. Persistent uncertainty about Covid-19 and government policies continue to threaten the recovery.

READ MORE

Total Unemployment Benefits Recipients Hovering Near 30 Million

– September 10, 2020

Initial and continuing claims for unemployment benefits remain very high, suggesting complete economic recovery may be a long way off.

READ MORE

Job Openings Rise as Economy Reopens

– September 9, 2020

Private-sector job openings are recovering but labor market dynamics remain challenging for workers and small businesses alike.

READ MORE

Payrolls Gains Decelerated Again, Sustaining Concerns about Recovery

– September 4, 2020

More than 10 million payroll jobs remain lost following government shutdowns; while payrolls have been recovering somewhat, the outlook remains extremely uncertain.

READ MORE

ISM Services Index Eases Back in August but Still Suggests Expansion

– September 3, 2020

The services sector expanded in August amid easing restrictions, but a lagging labor market recovery and inconsistent policy remain significant risks.

READ MORE

Initial Claims for Unemployment Benefits Decline Slightly but Remain Very High

– September 3, 2020

Initial claims for unemployment benefits dipped in the latest week but continuing claims remain very high, suggesting complete economic recovery may be a long way off.

READ MORE

Progress for Jobs Recovery May Be Slowing

– September 2, 2020

ADP estimates 428,000 new jobs were created in August, which would leave the unemployment rate elevated and the path to recovery highly uncertain.

READ MORE

Light-Vehicle Sales Top 15-million Annualized Rate in August

– September 2, 2020

Auto sales continued to rebound in August from the policy-induced record plunge during lockdowns but remain below the prior range.

READ MORE