
US Jobless Claims Rise to 419K from a Pandemic Low
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
Even if housing markets across the country are slowing to a crawl, many Realtors across the country are holding out hope for a post-pandemic rebound.
There are emerging signs that any recovery will fail to match the speed and severity of the economic collapse that occurred in just a few weeks.
To bastardize a quote from Harry Truman, the economists need another hand. The president once quipped he needed a one-handed economist, as they were prone to saying, “on one hand … on the other.”
The economic rebound from the 2008 recession is a rising tide that doesn’t necessarily lift all boats. Several sectors are showing mixed-blessing results, including credit card lending, retail, manufacturing, real estate and some financial sectors.