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February employment report: The devil really is in the details
The major policy takeaway from the new report is that there has not been a dramatic acceleration in hiring, despite the top-line gain of 379,000 jobs. … READ MORE >
CHART OF THE DAY: Estimating unemployment during the pandemic
Friday’s headline U3 unemployment rate of 6.2% for February understates the number of out-of-work people in the United States, not by design, but by the peculiar circumstances of the pandemic. … READ MORE >
Powell statement: Market challenging Fed’s credibility on inflation targeting
The knee-jerk market response that sent the 10-year Treasury yield to 1.54% during Thursday’s speech by Federal Reserve Chairman Jerome Powell implies that the Fed may have to act to dampen yields at the long end of the curve. … READ MORE >
5 things to know in life sciences: Week of March 1
In this week’s roundup we look at new data coming out of the U.K. and Israel on their COVID-19 vaccination programs’ results. We also highlight improvements in public perception of the pharmaceutical industry, a new executive order on supply chains and more. … READ MORE >
C-PACE: Government push toward greener buildings may fuel financing demand
Real estate businesses looking to move forward with their strategic plans during the downturn while preserving equity may just have another tool in their tool belt: Commercial Property Assessed Clean Energy programs, or C-PACE. C-PACE, a public-private financing option, allows commercial property owners to obtain low-cost, long-term financing for capital expenditures that impact energy and water performance of commercial and multi-family real estate. … READ MORE >