Robert Hughes

Everyday Prices Rise Just 0.9 Percent in 2020

“Everyday prices increased just 0.9 percent in 2020. The pandemic and government restrictions are likely to distort relative prices, but overall trends are likely to remain moderate.” – Robert Hughes

Job Openings Decline in November

“Job openings fell in November and results among the industries varied widely. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes

Payrolls Post First Drop Since April Plunge

“Payrolls posted a drop in December amid renewed restrictions on consumers and businesses that are further distorting activity and delaying full economic recovery.” – Robert Hughes

Manufacturing Sector Ends Year on a Strong Note

“The ISM Manufacturing survey strengthened in December, suggesting continuing recovery from government lockdowns, though Covid-19 and labor shortages remain challenges.” – Robert Hughes