Lack of job growth
Economic Indicators
Why the Fed Targets a 2% Inflation Rate | by St. Louis Fed | St. Louis Fed | Medium
The FOMC targets an inflation rate of 2%. What does it mean to have an inflation target? And why target a positive number and not zero?
How Should We Measure the Digital Economy?
Focus on the value created, not just the prices paid.
Forecasters See Lower U.S. GDP Growth in 2020 as Headwinds Continue | St. Louis Fed
The consensus of professional forecasters is that U.S. real GDP growth will dip below 2% in 2020.
U.S. Is Officially In Recession. How Long Will It Last? : Coronavirus Updates : NPR
The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.
US retail sales jump 7.5% in June, but economy still ails
BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady...
How will employers perceive long-term unemployment now? - Marketplace
Traditionally, employers question big gaps in work history.
Hyperinflation – can be controlled with a different government. | econfix
Venezuela has been in the news for sometime with its economy spiralling out of control with the inflation rate last year at 100,000% – doubling roughly once a month. The occurrence of hyperin…
3rd-Quarter GDP Is A Blockbuster But There's Not Much To Celebrate : NPR
U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.
Infographic: A Decade of Grocery Prices for 30 Common Items
How much more expensive are basic staples than they were 10 years ago? This infographic tracks grocery prices for 30 common items like cheese, fruit, and eggs.
Tuition, other school fees, and childcare price history from 1978 through 2020
Tuition, other school fees, and childcare costing $20 in 1978 is equivalent to $260.09 in 2020.
Household Pulse Survey
Report: Michigan economy hurting more than most states
The COVID-19 pandemic and resulting economic contraction is hurting Michigan more than many other states, according to a new survey from Comerica Inc.Regional economists at the Dallas-based bank report that Michigan's GDP fell at an annualized rate of 41 percent in the second quarter. During the…
The Recession and Recovery in Perspective | Federal Reserve Bank of Minneapolis
Why Unemployment Claims May Be Overcounted by Millions - The New York Times
Weekly tallies of jobless claims were not meant to be treated as an economic indicator. The pandemic has exposed the shortcomings of doing so.
Unemployment benefits fight highlights long-term economic pain
As state legislators contemplate the future of unemployment benefits, the health of Michigan's economy hangs in the balance. Michigan's quick recovery, largely thanks to the automotive sector working double time after two months of lost production, has stalled out. Jobs posts remain well…