Job creation continued to slow in November, as COVID-19 surged throughout the nation. Evidently, stock investors didn’t hear the alarm, as equities went up.
Read MoreDespite two strong months of job gains in May and June, the uptick in cases in the South and West prompted municipalities to tighten rules; caused consumers and businesses to slow down their efforts to return to pre-pandemic behavior; and slowed down job growth in July.
Read MoreGovernment emergency efforts worked and the economy saw significant progress in May and June. But with the virus spiking in wide swaths of the country in July, hopes have dimmed hopes for a more significant third quarter bounce.
Read MoreThe government is set to release the first estimate of second quarter GDP and it’s going to be a doozy.
Read MoreAnalysts have replaced the hopes/predictions of a quick turnaround with a new image: the Nike Swoosh recovery, where the economy crawls out of the cataclysmic hole and takes two or three years to return to where it was prior to the outbreak.
Read MoreAnother 4.4 million Americans filed for unemployment benefits in the week ending April 18th, putting the five-week tally at 26 million. To put that astounding number into perspective, it has taken just five weeks to sideline the same number of workers as jobs created since 2009.
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