Policy Rx for Recession Aggravates Income Inequality
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 […]
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 […]