this-week-s-state-of-the-economy---what-is-ahead---09-april-2021

This Week's State Of The Economy - What Is Ahead? - 09 April 2021

Date: 10 April, 2021 | By : 

U.S. Review - Reopening Boom, while Supplies Last

This week's economic data kicked of with a bang. The ISM Services Index jumped more than eight points to 63.7, signaling the fastest pace of expansion in the index's 24-year history. The blowout report is just the latest data suggesting the full reopening boom is upon us. All 18 industries reported an increase in March, and the index on current business activity climbed to an all-time high.

 

Initial Claims' Noise Should Not Take Away from Strong Labor Market Signals

Filings for initial jobless claims increased for a second consecutive week, resulting in a modest increase in the four-week average. The recent increases in initial claims contrast with virtually every other labor market indicator, including the March nonfarm payroll report as well as surveys of businesses and consumers.

 

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