Currently, into month 10 data of the recession (December 2020), and employment index is reading close to the conditions in the recession of 1945,
Current average duration of unemployment spell is already higher than the peak of any prior recession other than the Great Recession
Worrying trends cited in reference to continued unemployment claims
Labor markets conditions in the U.S. remain abysmal,
The situation overall remains dire.
The worst of all post-WW2 recessions.
The latest new car registration figures from SMMT reveal the worst start to a year for the industry since 1970. In the first January of the 70’s, motorists in the UK bought a mere 84,807 cars. In 2021 the figure was 90,249 – a 40 percent fall compared …
In a year that saw e-commerce boom in face of the COVID-19 pandemic, both eBay and PayPal reported strong results, with the latter approaching a major milestone in its quest to becoming the dominant online payment platform. With payment volume climbing…
Government Spending To GDP in the United States increased to 44 percent in 2020 from 35.68 percent in 2019. Government Spending To GDP in the United States averaged 37.20 percent from 1970 until 2020, reaching an all time high of 44 percent in 2020 and…
Unfortunately, the technical picture has turned darker in the short run. The wallstreetbets crowd bullish raid on silver hasn’t meant much for the mining sector either.