Economy in Brief

• Wholesale inventories decreased 0.8% in March, the third consecutive monthly contraction. • Inventory to sales ratio jumps as sales fall 5.2%. • While inventory swings can have a meaningful impact on GDP, in the current quarter they [...]

• Labor market collapses as coronavirus takes hold. • Jobless rate surges to record for monthly data reported back to 1948. • Lower paid workers bare brunt of job cuts. Nonfarm payroll employment declined a record 20.500 million [...]

• Wholesale inventories decreased 0.8% in March, the third consecutive monthly contraction. • Inventory to sales ratio jumps as sales fall 5.2%. • While inventory swings can have a meaningful impact on GDP, in the current quarter they [...]

German exports fell by 11.8% in March, a record drop in exports. Trade details lag by one month and are not very useful in understanding new developments in trade since this month is simply off the cliff in comparison with everything [...]

• Labor market collapses as coronavirus takes hold. • Jobless rate surges to 1948 high. • Lower paid workers bare bulk of job cuts. Nonfarm payroll employment declined a record 20.500 million during April (-12.9% y/y) following an [...]

• Labor market collapses as coronavirus takes hold. • Jobless rate surges to record for monthly data reported back to 1948. • Lower paid workers bare brunt of job cuts. Nonfarm payroll employment declined a record 20.500 million [...]

• Labor market collapses as coronavirus takes hold. • Jobless rate surges to record for monthly data reported back to 1948. • Lower paid workers bare brunt of job cuts. Nonfarm payroll employment declined a record 20.500 million [...]

• Labor market collapses as coronavirus takes hold. • Jobless rate surges to 1948 high. • Lower paid workers bare bulk of job cuts.