All Posts Tagged: Scott Anderson

Labor Market Shows Signs of Life in May

Scott Anderson
Chief Economist

The May Employment Report released this morning from the Bureau of Labor Statistics captured more of the economic reopening than we expected, allowing for a surprising 2.51 million gain in nonfarm payrolls and a drop in the unemployment rate to 13.3% from 14.7% in April.

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Is the Rebound in Consumer Confidence Sustainable?

Scott Anderson
Chief Economist

Consumer confidence declined sharply in March and April as it became necessary for states across the country to issue stay-at-home orders in an effort to limit the spread of COVID-19.

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Labor Market Devastation – Who Is Bearing the Brunt?

Scott Anderson
Chief Economist

The widespread business shutdowns that began in mid-March to try to contain the rapidly spreading coronavirus led to millions of Americans being thrown out of work.

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An Unprecedented Drop in Retail Sales and Manufacturing

Scott Anderson
Chief Economist

It is hard to believe but April retail sales were even worse than our already below consensus forecast for April. Retail sales dropped off a cliff last month, plunging 16.4% after dropping 8.3% in March. The March decline broke records last month and April’s sales declines were nearly twice as bad for retailers.

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