This Week's State Of The Economy - What Is Ahead? - 24 April 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 27, 2020

This Week's State Of The Economy - What Is Ahead? - 24 April 2020

U.S. - Throw Out the Textbook

  • Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut.
  • In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.
  • Congress has passed its fourth major relief package, including an additional $320 billion for the PPP.
  • The Fed continues to do what it can, with its balance sheet rising an astounding $2.4 trillion in just two months.


This Week's State Of The Economy - What Is Ahead? - 15 November 2019

Retail sales beat expectations and rose 0.3% in October, reflecting the ongoing strength of the consumer. Control group sales, a major input to GDP, also increased 0.3%.

This Week's State Of The Economy - What Is Ahead? - 04 December 2020

Manufacturing held up relatively well in November, despite a larger-than-expected dip in the ISM manufacturing survey. The nonfarm manufacturing survey rose slightly.

This Week's State Of The Economy - What Is Ahead? - 02 July 2021

We added 850,00 jobs in June, but much of that was State governments school districts in some parts of the Country reopening just in time for summer break.

The Regional Breakdown Of A Labor Market In Meltdown

Employment fell in all 50 states and 43 states saw their unemployment rate rise to a record in April. The damage is already hard to fathom-a 28% unemployment rate in Nevada and still another month of job losses ahead.

This Week's State Of The Economy - What Is Ahead? - 23 September 2020

European activity is surging. Germany and Italy are leading the way, but France is close behind despite an ongoing rise in cases. The Google data are a bit outdated, but are hard to reconcile with today’s weak Eurozone services PMI figures.

This Week's State Of The Economy - What Is Ahead? - 11 June 2021

Okay, so I’ve gotten about half a dozen calls since Wednesday asking if I saw the May CPI numbers that came out this week.

This Week's State Of The Economy - What Is Ahead? - 04 September 2020

Employers added jobs for the fourth consecutive month in August, bringing the total number of jobs recovered from the virus-related low to 10.5 million.

This Week's State Of The Economy - What Is Ahead? - 23 October 2020

A recent strong report from the National Association of Homebuilders set the tone for another round of strong housing data. The NAHB index rose two points to a record high 85.

This Week's State Of The Economy - What Is Ahead? - 11 December 2020

Emergency authorization of the Pfizer-BioNTech COVID vaccine appears imminent, but the virus is running rampant across the United States today, pointing to a grim winter.

This Week's State Of The Economy - What Is Ahead? - 21 August 2020

Despite indications of lost momentum elsewhere, residential construction activity is picking up steam.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2021 TC Global Commercial. All rights reserved.