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Detroit unemployment rate won't fall to pre-pandemic levels until 2025, and other economic takeaways
Detroit unemployment rate won't fall to pre-pandemic levels until 2025, and other economic takeaways
Detroit's unemployment rate won't get back to pre-pandemic levels again until 2025. That's the latest finding from the City of Detroit-University Economic Analysis Partnership that produces job and wage data with support from the University of Michigan, Michigan State University and Wayne State…
·crainsdetroit.com·
Detroit unemployment rate won't fall to pre-pandemic levels until 2025, and other economic takeaways
US consumers rebound to boost spending 2.4% as income jumps
US consumers rebound to boost spending 2.4% as income jumps
WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the...
·apnews.com·
US consumers rebound to boost spending 2.4% as income jumps
U.S. labor market struggling, but light at the end of tunnel | Reuters
U.S. labor market struggling, but light at the end of tunnel | Reuters
The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring.
·reuters.com·
U.S. labor market struggling, but light at the end of tunnel | Reuters
Consumer price index (CPI) January 2021
Consumer price index (CPI) January 2021
U.S. consumer prices rose moderately in January and underlying inflation remained benign as the pandemic continues to be a drag on the economy.
·cnbc.com·
Consumer price index (CPI) January 2021
Latest jobs report shows why the unemployment rate needs fixing - Phil Davis
Latest jobs report shows why the unemployment rate needs fixing - Phil Davis
Many economists would agree that the official U.S. unemployment rate is an inadequate measure of actual labor market conditions. Although this is one of the most cited pieces of data on the economy as a whole, not many people understand how this indicator is calculated and who is and – more importantly – who isn’t included in it. The latest data, which found that joblessness fell from 6.7% in December to 6.3% in January, shows why.
·thestreet.com·
Latest jobs report shows why the unemployment rate needs fixing - Phil Davis
U.S. Economy Slows Sharply As Pandemic Resurges : NPR
U.S. Economy Slows Sharply As Pandemic Resurges : NPR
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.
·npr.org·
U.S. Economy Slows Sharply As Pandemic Resurges : NPR
U.S. women, workers of color bear brunt of December job losses
U.S. women, workers of color bear brunt of December job losses
The U.S. labor market lost jobs in December for the first time in eight months, while women and workers of color continue to bear the brunt of job losses as the coronavirus pandemic rages across the U.S.Unemployment for women and Hispanic workers rose in December for the first time in eight months,…
·crainsdetroit.com·
U.S. women, workers of color bear brunt of December job losses
World Bank sees subdued recovery in 2021 and plenty of risk
World Bank sees subdued recovery in 2021 and plenty of risk
WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is...
·apnews.com·
World Bank sees subdued recovery in 2021 and plenty of risk
How the Economy Is Actually Doing, in 9 Charts - The New York Times
How the Economy Is Actually Doing, in 9 Charts - The New York Times
The unemployment rate doesn't tell the whole story. We talked to a panel of economists to find out what other measures can shed light on whether we're in a short-term crisis — or the start of a long recession.
·nytimes.com·
How the Economy Is Actually Doing, in 9 Charts - The New York Times