May 8, 2020 | Daily JAM |
By this time you're aware of the headline numbers: The U.S. economy lost 20.5 million jobs in April, according to the Labor Department today. That took the official unemployment rate to 14.7%. But there's a lot of pick apart in this report. So shall we begin? First,...
May 6, 2020 | Daily JAM, Morning Briefing |
Employment at U.S. companies plummeted in April by the most in records back to 2002, according to numbers fro the ADP Research Institute release today.. The report reflects data through April 12 in order to align with the report from the Labor Department for April,...
April 30, 2020 | Daily JAM, Morning Briefing |
The job losses continued, as expected, with 3.84 million people filing new claims for unemployment in the week that ended on April 25. That follows on 4.44 million new claims for unemployment in the prior week. Economists surveyed by Bloomberg had projected 3.5...
April 15, 2020 | Daily JAM |
Retail sales fell 8.7% in March, the worst drop ever, the Commerce Department reported today. Economists had expected a drop of 8%. Revisions to February's report showed a 0.4% drop for that month.. U.S. stocks sank at the open Wednesday, dragged down by dismal...