All Posts Tagged: Great Recession

Large Drop in Unemployment Bolsters Confidence

Scott Anderson
Chief Economist

Another large drop in the U.S. unemployment rate in August was the biggest surprise coming out of today’s employment report. The big decline in the unemployment rate, another sizable 1.37 million net job gain last month, and better than expected average hourly earnings growth, bolsters confidence in the sustainability of this expansion despite growing signs […]

Read More ›

Financial Stability Concerns On The Rise

Scott Anderson
Chief Economist

The most sobering section of the July Federal Open Market Committee Minutes, for me, was the description and discussion on financial system stability.

Read More ›

Home Price Growth Accelerates – But for How Long?

Scott Anderson
Chief Economist

Despite unprecedented job losses in a wide swath of industries across the country since the COVID-19 pandemic arrived in the U.S., home price growth has unexpectedly accelerated.

Read More ›

Reopening Brings Back Millions of Jobs

Scott Anderson
Chief Economist

The June employment report came in on the hot side, beating most economists’ forecasts. The U.S. economy added another 4.8 million jobs in June on top of an upwardly revised 2.699 million jobs created in May. The better than expected job gains were likely driven by the reopening of big states like California that didn’t really begin opening up until late May and early June. 

Read More ›