The carnage in the American labor market continued unabated for the week ending April 4 as first-time jobless claims soared to 6.6 million, which implies a real-time U.S. unemployment rate of 14.6% at a minimum. … READ MORE >
Covid-19
In the confusion of a pandemic, alternative data can show the way
Alternative data increasingly influences decision-making in today’s business climate, with growing accuracy, and impact, on the economy. … READ MORE >
How banks can help their customers navigate the coronavirus shock
Even though the CARES Act provides a stimulus package of $2.39 trillion, or 11.4% of gross domestic product — along with a relaxing of rules surrounding payment deferrals and loan modifications by banking regulators — that may not be enough to blunt the continued decline in economic activity. … READ MORE >
Federal Reserve backstops Paycheck Protection Program
The Federal Reserve today put forward another in a series of lending facilities intended to fortify the economy as it absorbs three large shocks that are cascading across the U.S. economic landscape. … READ MORE >
RSM introduces coronavirus projection model
This forward-looking model we think will capture curve dynamics in near real time and provide an informative and useful metric around which to begin planning on a return to full production and provision of services. … READ MORE >
How family offices and their portfolio companies might qualify for loans under the CARES Act
Some family offices might be classified as a small business under the Small Business Administration. And they could be eligible for loans under the CARES Act. … READ MORE >
Cybersecurity, amid coronavirus, remains a top risk in health care
Cybersecurity remains a top risk within the health care industry as attackers are weaponizing COVID-19 and breaches continue to increase during the first quarter of 2020. … READ MORE >
U.S. economy shed 701,000 jobs in March as shutdown takes hold
Following 113 straight months of job gains, the U.S. economy shed 701,000 jobs in March, providing a glimpse of things to come. The internal dynamics inside the report are a sober, clear-eyed precursor to what is going to be the largest bloodletting in the labor market since the 1929-1933 period of the Great Depression. … READ MORE >
The state-by-state toll of the coronavirus shutdown on the labor market
The widespread layoffs of American workers worsened in the third week of the coronavirus shutdown, with all states (with the exception of the Virgin Islands) now having reported a significant increase in initial jobless claims at some point during the three-week period. … READ MORE >
How the real estate sector can weather an economy that has all but ground to a halt
Landlords are girding for the very real prospect that the $81 billion owed to them in rent payments, according to Bloomberg, will fall far short as tenants of all kinds struggle to find the cash. … READ MORE >