Tag Archives: Economic Releases

Up a bit but still way down overall: Familiar pattern. Down big, partial recovery, downtrend resumes: And weak from covid and the tariffs: Moving in the wrong direction as flu season approaches:

Still very weak: Since April, sales have increased, but are still down 4.3% from last year. The second graph shows light vehicle sales since the BEA started keeping data in 1967. Note: dashed line is current estimated sales rate of 16.34 million SAAR. Sales-to-date are down 18.8% in 2020 compared to the same period in 2019. In 2019, there were 12.70 million light vehicle sales through September. In 2020, there have been 10.31 million sales. Real estate loan growth is...

Leveling off at very low levels of total employment: This is not adjusted for inflation:

Private businesses in the US hired 749K workers in September of 2020, the most in three months and above market expectations of a 650K rise raising hopes the labour market recovery strengthened. Still, only half of the near 20 million jobs lost since March when the coronavirus crisis started have been recovered.

Same pattern- dip, partial recovery, leveling off and never got back to 2008 levels inflation adjusted:

Slightly higher than last week as they remain alarmingly high: Same pattern- big drop, some recovery, leveling off at lower levels: Same pattern developing but sales holding up at least for now:

Not looking good: Up from the massive setback as some sales were delayed rather than cancelled: The emerging pattern seems to be the big collapse, a partial recovery, and then a tapering off from there:

The current account deficit in the US widened by $59 billion, or 52.9%, to $170.5 billion in Q2 2020, the biggest gap since Q3 2008. It is equivalent to 3.5% of the GDP, compared to 2.1% in Q1. It mostly reflects an expanded deficit on goods and reduced surpluses on primary income and on services. All major transactions declined in part due to COVID-19, as many businesses were operating at limited capacity or ceased operations, and the movement of travelers across borders...

Looks like we’ve stopped digging out of the hole: Sales have returned, at least for now, though a lot of sales were lost ‘forever’ due to covid:

Not much evidence things getting anywhere near back to normal: