Uncategorized – Page 11

U.S. Unemployment: Historical Perspectives – CME

May 12, 2020 by Jonathan Custer

Click on video Massive fiscal spending and swift Congressional action against COVID-19 differ starkly from the Great Depression. Insights by Blu Putnam. — Bloomberg Originals (@bbgoriginals) May 11, 2020

Depression Data But Depression Not The Base Case

May 12, 2020 by Jonathan Custer

By Gary Evans and Jon Custer Custer Consulting Group Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, …

Aggregate Job Losses By Industry

May 8, 2020 by Jonathan Custer

Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly heavy …