Households Will Be Key to Economic Recovery from COVID-19
With consumers in the economic driver’s seat, here’s a look at several key indicators of the hit they’ve taken during the coronavirus pandemic.
Browsing: Employment situation
Unemployment Soars to 14.7%, Record 20.5 Million Jobs Lost in April
Total nonfarm payroll employment fell by 20.5 million in April, according to the Bureau of…
A Tale of Two Countries: The Rapid Urbanization of America
Prior to COVID-19, rural and urban America’s economic paths were diverging. Where they will go next remains to be seen.
273,000 Jobs Added in February, Unemployment Unchanged at 3.5%
Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little…
ABA Data Bank: Where the New Jobs Are
The U.S. economy added 22.6 million net jobs in the 2010s.
136,000 Jobs Added in September, Unemployment Rate falls to 3.5 percent
Total nonfarm payroll employment grew by 136,000 in September, a decrease from last month’s upwardly…
Untangling the Real Story about Consumers and Debt
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.
The Labor Market That Could
With the Fed’s turn to a more dovish stance, there may not be many more rate hikes in this cycle. As long as monetary policy does not turn restrictive, the opportunity remains to see just how much slack is left in the labor market.