October 12, 2020 In April, the number of jobs in the economy sank an unheard of 13 percent compared to last year. By July the loss was 'only' 7.7 percent and the possibility of a further quick recove [...]
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So far carolyn has created 9 blog entries.
September 10, 2020 New data from the second quarter of 2020 show that the average home price was up 4 percent in the past year, the lowest increase since 2013. Prices were already slowing before the [...]
August 18, 2020 As we get more actual data about the economy it's possible to see where real estate markets may be headed. It now looks to me that we're in a holding pattern that can easily persist f [...]
July 21, 2020 The slowing of consumer spending (which accounts for 70 percent of the economy) is usually a leading indicator for a recession. For this recession there was no lead time at all; spendin [...]
June 10, 2020 Unexpectedly, the job data for May did not show a worsening of the recession. Compared to the 13 percent loss of jobs in April (from the same month a year ago), the loss in May was 12 p [...]
May 11, 2020 We can now see the depth of the current recession. In April, the total number of jobs in the economy was down 13 percent. And because that estimate is based on mid-month data, we can be [...]
March 12, 2020 Although I'll quote the latest data on jobs (from February) events have already overtaken the statistics. The spread of the corona virus threatens to have a dramatic effect on the US e [...]
February 15, 2020 The corona epidemic in China is disrupting manufacturing for many products and will cause companies to rethink their supply chains. A wholesale transplantation of manufacturing jobs [...]
January 17, 2020 Retail sales for 2019 were up 3.6 percent from 2018. With inflation running around 2 percent, that means a real increase of 1.6 percent or so. Car sales were good and on-line sales w [...]