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Jobs report preview: Education and service hiring to drive gains in July
We expect a net increase in total employment of 950,000 and a decline to 5.7% in the unemployment rate when the Bureau of Labor Statistics releases its jobs report on Friday. … READ MORE >
Honey, I shrunk the output gap: Four quarters of investment growth begin to heal the economy
The gap between the actual and potential gross domestic product narrowed dramatically during the second quarter of the year. Real GDP grew by more than 12% on a year-over-year basis while nominal GDP in current dollar terms grew at a nearly 17% yearly rate. … READ MORE >
Personal income, spending and savings are getting back to normal
Households are spending more and savings less, enjoying their summer and getting ready for school, as government data on personal income and spending released on Friday suggests. In short, households are getting back to normal. … READ MORE >
5 things to know in life sciences: Week of July 26
From the development of an insulin biosimilar to a new tool matching mental health providers with patients, each week we highlight five things you need to know in the life sciences industry. … READ MORE >
Jobless claims continue choppy descent
There remain 13.1 million people who are receiving some form of unemployment benefits. Of those, 3.2 million—or 25%—are receiving traditional unemployment benefits while 9.8 million—or 75%—are receiving some form of pandemic assistance set to expire on Sept. 5. … READ MORE >