Economic Commentary
Economic Commentary provides a take on the most recent U.S. economic events, indicator releases, and policy developments. These events are put into context of our projections and market views to see the practical implications of the economic moves.
June Payrolls Jump as a Third of the Lost Jobs Have Been Recovered
US employers added a record 4.8 million jobs in June, while the unemployment rate slipped to 11.1%.
Recovery Update: Taking the Stairs
In retrospect, the lockdown and initial reopening were relatively swift. A full recovery will not be.
May Payrolls Jump, Highlighting the Support Programs Within the CARES Act
US employers added 2.5 million jobs in May, clawing back some of the historic April job losses of 20.7 million, and pulling the unemployment rate down to 13.3%.
The ‘Swoosh’ Recovery: A Quick Recession, Average Recovery Length
Understanding this US recession, why it’s different this time, and the shape of the coming economic recovery
Negative Fed Funds Rate? Don’t Be So Positive
Recent actions by global central banks have reignited the debate about whether the Federal Reserve (Fed) will be next to implement a negative policy rate.
COVID-19-Related Lockdowns Puncture April Payrolls in Historic Collapse
The historic April job losses of 20.5 million and spike in the unemployment rate up to 14.7% were painful, mirroring the lockdown of the US economy.