Robert Hughes
Payrolls Grew By 1.8 Million in July But the Pace of Recovery Slowed, Raising Concerns
Nine million private U.S. jobs have been recovered over the last three months, less than half the 21 million lost during government shutdowns; the outlook remains extremely uncertain.
Positive Signs for the Manufacturing Sector but Employment Remains Weak
The ISM Manufacturing survey showed another gain in July as orders and production expanded but the survey suggests labor dynamics remain weak.
How Did Spending on Health Care Plunge During a Pandemic?
It may seem odd that health care spending could plunge during a pandemic, but the health care industry was subject to the same closure mandates as other industries; the results were also the same.
Initial Claims for Unemployment Benefits Suggest Labor Market Recovery is Faltering
Initial claims for unemployment benefits rose again, suggesting the emerging recovery may be at risk.
U.S. Economy Posts Record Decline During Lockdowns
The U.S. economy suffered a historic contraction in the second quarter. Uncertainty, confusion, and risk aversion among consumers and businesses may put the recovery at risk.
Reopening Boosts Consumer Optimism, But COVID Dampens the Outlook
Consumer attitudes declined in July as resurging COVID-19 cases dampened the outlook more than reopening boosted views of current conditions.
New Durable-Goods Orders Rise Again in June
Manufacturers’ new orders for durable goods rose again in June, showing that easing government restrictions should lead to economic recovery, but resurging COVID-19 increases risks.
New Home Sales Jump to the Highest Level Since 2007
Sales of new single-family homes rose to a 12-year high as low mortgage rates support increased demand.
Initial Claims for Unemployment Benefits Rise as Continuing Claims Fall
Labor market indicators are becoming mixed, suggesting the emerging recovery may be at risk.
Existing-Home Sales Rebound in June; Inventory Remains Tight
Existing-home sales rebounded in June, but the outlook remains highly uncertain.
