Where Do Central Banks Need To Focus Their Attention? 2
The effects of poor loan growth and credit market accessibility due to failed monetary policy combine to adversely affect the labor market and money velocity.
The Unemployment Rate Illusion: Europe
The unemployment rate in Europe has dropped from a pandemic peak of 7.7% to 7.3%. While this seems good on the surface, how do things look underneath?
A Year From COVID: Pandemic Insurance
If markets needed a reminder that we still are in a pandemic, they need look no further than the Pandemic Emergency Unemployment Compensation (PEUC) scheme.
A Year From COVID: Labor Participation
The more famous labor market indicators, like the unemployment rate, are optimistic. This is corroborated by JOLTS data, but what do other indicators say?
A Year From COVID: JOLTS
Total nonfarm payrolls and jobless claims show a US labor market in nascent recovery, but what do other data points, like JOLTS, have to say?
A Year From COVID: Labor Market Healing
We are about a year on from the worst of 2020’s job losses. As the West reopens again, optimism has surged, making this a good to check on the labor market.
The COVID Economic Shadow Part 2
There will be a spike in economic activity when global lockdowns finally end. But the real question lies beyond the spike – how much of the damage is permanent?
The COVID Economic Shadow Part 1
You would be hard pressed to read economic commentary that does not claim that economies will improve as Covid is brought under control. How true is this?
Unemployment Rate Positives In May
While last Friday’s US Jobs Report did not produce a headline number that met expectations, it did record encouraging signs of improvement in the labor market.
US Jobs In April: Dual Disappointment
The US only added 266,000 jobs in April ‘21. The reading fell far short of the market’s expectations, but what else lies behind the headline disappointment?
