Archive for July 14th, 2020

Deeper Analysis

The 52 million U.S. Employment Hole

July 14, 2020

By coincidence, the growth of nonfarm payroll employment between end-1979 and end-1989 almost exactly matched that which occurred between end-1989 and end-1999 (a.k.a. Y2K). Over that entire last fifth of the 20th century, U.S. jobs expanded at a 1.84% per annum rate, and in this first pandemic year of 2020, we are another score of […] More

New Overnight Developments Abroad - Daily Update

Continuing Interplay of Covid and Economic Data

July 14, 2020

Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More