by sslifer | Nov 5, 2021 | Commentary for the Week, NumberNomics Notes
November 5, 2021 The employment report for October makes it clear that the labor market is rebounding after an August and September slump. If that is the case GDP growth in the fourth quarter should also rebound from its anemic 2.0% third quarter pace. For what it...
by sslifer | Oct 29, 2021 | Commentary for the Week, NumberNomics Notes
October 29, 2021 Third quarter GDP growth came in at a disappointing 2.0% rate as COVID ripped through the unvaccinated world, and supply chain interruptions curtailed production. The pessimists quickly emerged. One economist wondered how close the economy might be...
by sslifer | Oct 22, 2021 | Commentary for the Week, NumberNomics Notes
October 22, 2021 The demand for workers is the strongest it has been in decades. But despite ample job opportunities workers have been slow to seek out employment. There are probably a variety of reasons ranging from generous unemployment benefits, fear of catching...
by sslifer | Oct 15, 2021 | Commentary for the Week, NumberNomics Notes
October 15, 2021 The economy hit a speed bump in the summer as COVID cases began to climb. But now COVID cases are in a tailspin which suggests that the economy is likely to rebound in the fourth quarter. That is reassuring but there is little slack left in the U.S....
by sslifer | Oct 8, 2021 | Commentary for the Week, NumberNomics Notes
October 8, 2021 The job gains in September were significantly small than expected. But the rest of the employment report told a very different story. Specifically, civilian employment – which includes self-employed workers — rose by a solid 526 thousand. The...
by sslifer | Oct 1, 2021 | Commentary for the Week, NumberNomics Notes
October 1, 2021 The economy’s production sector continues to be constrained by shortages of labor, an inability to get necessary raw materials, longer lead times, and shipping delays. This has reduced our projected GDP growth forecast in the near-term, but boosted...
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