The pace of US jobs growth slowed further in November, adding fuel to what’s been borne out by recent high-frequency data: The economic recovery is increasingly cooling in the face of rising COVID-19 cases and renewed lockdowns.
The US labor market shrugged off election uncertainty and continued to add jobs in October.
GDP expanded 33.1% on an annualized basis in the third quarter, ahead of consensus expectations of 32%, fueled by the continued reopening of businesses and reversing much of the economic fallout stemming from COVID-19-related lockdowns.
The Federal Reserve’s (Fed) Beige Book presented qualitative data that suggested the pace of the economic recovery had been tapering, but now we have quantitative data that is confirming the survey data.
We continue to monitor real-time COVID-19 and economic data to provide insight into how the pandemic is affecting economies around the world.
Stimulus talks in Washington, DC, are getting a lot of attention from investors—and for good reason. The midpoint of the two offers—roughly $1.6 trillion from the White House and $2.2 …
We check in again today on some of the real-time economic data that provides timely and valuable insights into the state of the US economy.
The jobs market remains strong, as the August nonfarm payrolls came in at a solid 1.37 million jobs created, right in line with expectations. This was the fourth consecutive month …
As the economy begins to recover, with the early stage more robust than expected, we increasingly get asked when interest rates will move meaningfully higher.
We continue to follow high-frequency data to assess whether the US recovery remains on track or if it has been derailed by COVID-19 outbreaks in parts of the country. Here …
