Weekly Initial Claims Disappoint but Outlook Improving
Initial claims for regular state unemployment insurance rose in the latest week and the prior week was revised higher, falling short of expectations for a drop to 700,000.
Tags: Unemployment Rate
Only Ending Lockdowns Can Stimulate the Economy
Last week, President Biden signed legislation that will increase fiscal spending by $1.9 trillion. While often referred to as a “stimulus” bill, it might be better described as “relief” (although…
Monetary Policy in a Pandemic
A year ago, the U.S. economy was humming along like a well-oiled machine. Annualized real gross domestic product (GDP) per capita stood at $58,490 in 2019-Q4.
Coping With COVID: Crises, Young People’s Housing Choices, and Preparing in Uncertainty
"In all matters, before beginning, a diligent preparation should be made." —Marcus Tullius Cicero, On Duties