T’was the week before Christmas and all through the house, not a creature was spending, not even your spouse; the stockings were hung by the chimney with flairs, in hopes that the Congress would supplement CARES. And so, it appears that the economy continues to deteriorate as the Congress attempts to put together another stimulus without provisions for certain favored constituents of either party – much easier said than done. …Read More
Tag Archives: income inequality
The Middle Class Continues to Fall Behind
February’s job growth was significantly stronger (+313,000 Establishment Survey) than market expectations (200,000). Strangely, though, the unemployment rate (U3) remained at 4.1% (Household Survey) for the fifth straight month. Why? Because a significant number of those who had previously stopped looking for work rejoined the labor force, perhaps indicating more labor force slack than the unemployment rate would indicate. The biggest disappointment, however, was the slowdown in the growth of …Read More
