The ISM non-manufacturing index climbed to 63.7% in March, firmly beating analysts’ expectations and reaching its highest reading in recent history. … READ MORE >
Blog
CHART OF THE DAY: Estimating unemployment during the pandemic
Friday’s headline U3 unemployment rate of 6.0% for February is likely an undercount of the number of out-of-work people in the United States, not by design, but by the peculiar circumstances of the pandemic. While the topline change in net employment after adding in back revisions was 1.072 million, it will likely be later in 2022 before the economy returns to full employment, which we define as somewhere near 3.5%. … READ MORE >
March jobs report blows past expectations with best still to come
An American economy about to regain its swagger after a year of pandemic-induced crisis was on full display in the March jobs report. … READ MORE >
5 things to know in life sciences: Week of March 29
From biopharma merger scrutiny to AI-powered biology research, we highlight what’s happening in the life sciences industry this week. … READ MORE >
Reimagining redevelopment and innovation: A U.S. infrastructure bank
We are proposing the development of an independent infrastructure bank that would operate as the fiscal equivalent of the Federal Reserve. … READ MORE >
CHART OF THE DAY: FTC challenges biopharma merger as antitrust scrutiny grows
Less than two weeks after the Federal Trade Commission announced it would be taking a more stringent look at mergers in the biopharmaceutical industry, the proposed Illumina and Grail merger became only the second vertical merger in 40 years to be legally challenged by the agency. … READ MORE >
3 things to know this week in energy: Suez Canal blockage, oil field deals, carbon pricing
Biweekly, we round up news and analysis about three things going on in the energy industry that we think you should know about. Here’s the latest. … READ MORE >
Understanding what is involved in a $2 trillion infrastructure project
A project that modernizes the national infrastructure means increased jobs, productivity and growth, all of which will result in a meaningful increase in the living standards for Americans. … READ MORE >
CHART OF THE DAY: Rational exuberance and the RSM US Manufacturing Outlook Index
The manufacturing sector is signaling extreme confidence in a rapid end to the pandemic-induced economic shutdown and to the global manufacturing recession that preceded it. … READ MORE >
March employment preview: Expect a gain of 1 million jobs
We expect a net increase in total employment of 1 million, with risk of a much larger gain, and a decline in the unemployment rate to 5.8% when the March jobs report is released on Friday. … READ MORE >