All Posts Tagged: U.S. economy

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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Financial Contagion Spreads – Outlook Deteriorates

Scott Anderson
Chief Economist

The global spread of the Covid-19 pandemic is forcing global commerce to a standstill wherever it goes.

Governments are starting to take more forceful actions to slow the spread of the virus both from a public health perspective and from an economic and financial one. Yet, the economic and financial damage the virus is reaping continues to mount, and we continue to factor all this into our economic and interest rate forecasts.

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U.S. Outlook: Payrolls report doesn’t provide a clear picture

Scott Anderson
Chief Economist
Two girls working in a factory

There are signs of a cooling labor market in September’s jobs numbers. However, no signs yet of the panic and capitulation typical at the onset of a recession.

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U.S. Outlook: Hints of a consumer slowdown ahead

Scott Anderson
Chief Economist

There are hints that the days of robust U.S. consumer spending may be numbered.

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