June 9, 2020 | Daily JAM |
The Washington Post reports that about one third of food service and accommodation businesses that have received loans/grants from the Paycheck Protection Program have less than one month of cash left, Adam Ozimek, chief economist at Upwork, told the Washington Post....
June 5, 2020 | Daily JAM, Short Term |
According to the official Labor Department report on jobs and unemployment for May, the economy added 2.5 million workers in the month and the unemployment rate fell to 13.3% (from 14.7% in April.) Economists surveyed by Bloomberg had projected a 6 million drop in...
June 5, 2020 | Daily JAM, Morning Briefing |
The U.S. economy added 2.5 million jobs in May, the Labor Department reported today. The official rate of unemployment fell to 13.3% from 14.7%. In April the economy had shed 20.5 million jobs. Economists were surprised by the gains, to put it mildly. The consensus...
June 4, 2020 | Daily JAM, Morning Briefing |
Initial claims for unemployment for regular state programs totaled 1.88 million for the week ended May 30, according to the Labor Department. (This total does not include self-employed or gig workers that are now receiving unemployment under newly passed coronavirus...
June 3, 2020 | Daily JAM, Morning Briefing |
Tomorrow it's Thursday and time for another weekly report on initial claims for unemployment. In absolute terms the numbers are likely to be grim. Economists project that tomorrow's report will show another 1.8 million workers have filed new claims for unemployment....
May 31, 2020 | Daily JAM |
...that the big news of the week will be Friday's report on April jobs. Economists surveyed by Bloomberg are forecasting that the economy lost another 8 million jobs in May. That's after the loss of 20.5 million jobs in April. These economists project that the...
May 28, 2020 | Daily JAM, Morning Briefing |
The stock market is seeing the glass as half full this morning. This morning the Labor Department reported that 2.12 million Americans filed new claims for unemployment in the week that ended on May 23. That is down from 2.45 million initial claims in the prior week...
May 21, 2020 | Daily JAM, Morning Briefing, Short Term |
According to the Department of Labor another 2.4 million Americans filed initial claims for unemployment in the week that ended May 16. That puts the total from this report at 38.6 million initial claims for unemployment filed in the last 9 weeks. The two-month total...
May 9, 2020 | Daily JAM, Friday Trick or Trend, Mid Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Right now...
May 7, 2020 | Daily JAM, Morning Briefing |
Initial claims for unemployment totaled 3.17 million for the week ended May 2, the Labor Department reported today. Economists surveyed by Bloomberg had projected 3 million new claims for the week. This week's total was down from the 3.85 million initial claims filed...
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,...
May 5, 2020 | Daily JAM |
Congress focused so much of the waves of coronavirus rescue money--extra unemployment, that $1200 one-time payment, grant/loans to small business, and the airlines bailout to mention only a few--around around short-term payments that expire after 10 to 12 weeks or a...