Unemployment Rates and Nonfarm Employment

Posted: 10/30/2020 2:35:29 PM
Starting in March, the labor market has been rocked by the responses to the Covid-19 pandemic, from the initial public health responses involving government-imposed lockdowns, followed by staged business reopenings, and overlaid with individual behavioral changes in response to the health implications and risks of the virus. In April, unemployme...

"U.S. GDP Grew 33.1% In the Third Quarter!"

Posted: 10/29/2020 3:47:20 PM
The U.S. Bureau of Economic Analysis (BEA) just reported that U.S. Real (or inflation-adjusted) Gross Domestic Product, U.S. Real GDP, grew at a record rate in the third quarter. This follows a record decline in the second quarter of 31.4%. What does this all mean with respect to our current economic condition? First, note that th...

Texas Unemployment Rates Rise in All Texas MSAs

Posted: 10/29/2020 3:20:49 PM
The unemployment rate increased between August and September in all 25 Texas metro areas according to yesterday’s release of labor area unemployment statistics by the Bureau of Labor Statistics. The figure below depicts the August and September unemployment rates for all Texas MSAs. The solid portion of each bar shows the Au...