Robert Hughes

“Initial claims for unemployment benefits hit a seven-week high, sustaining doubts about the durability of the recovery.” – Robert Hughes

“AIER’s Leading Indicators index rose sharply in September, jumping to 67, suggesting the recovery has broadened substantially and may signal the end of the recession.” – Robert Hughes

“AIER’s Everyday Price Index rose 0.2 percent in September on a snapback in intracity transportation. Distortions to prices and economic activity continue under lockdown policies.” – Robert Hughes

“Initial and continuing claims for unemployment benefits remain stubbornly high, suggesting a slow and uneven economic recovery.” – Robert Hughes

“Debt service ratios fell to a record low but adjusting for massive government transfer payments paints a different picture.” – Robert Hughes

“The September ISM surveys suggest continued expansion as the economy recovers from lockdowns, but mixed results from other data sources raise doubts.” – Robert Hughes

“Auto sales continued to rebound in September from the policy-induced plunge during lockdowns, supported by low interest rates and increased demand as urbanites move to suburbs.” – Robert Hughes

“Private payrolls added 877,000 but the slowing of pace recovery in employment and huge numbers of unemployed suggest the recovery remains extremely uncertain.” – Robert Hughes

“Personal income fell in August as government payments declined. Ongoing restrictions on consumers and businesses continue to threaten the economic recovery.” – Robert Hughes

“Initial claims for unemployment benefits remain stubbornly high, suggesting a slow and uneven economic recovery.” – Robert Hughes