Economic Take
Why the Air Travel Industry Remains Grounded

Why the Air Travel Industry Remains Grounded

September 29, 2020

While the broader U.S. economy has nearly reached its cruising altitude since the start of the pandemic, the air travel industry is still struggling to take off. The mains reasons why may be more psychological than economic—can innovative measures and faster COVID-19 testing help reassure the public that it’s safe to fly again?  

The Fed’s View to 2023

The Fed’s View to 2023

September 22, 2020

Our jobs picture keeps getting better, but last week, the Fed reported it’s keeping rates near zero through 2023. Is this part of the Fed’s new approach to managing inflation or something more nuanced?

 

 

Solving the Unemployment Riddle

Solving the Unemployment Riddle

September 15, 2020

The number of Americans currently unemployed is now half of what it was back in April, but still far above the 3.5% rate in February. Yet, wage growth is pretty strong and recent surveys show businesses have nearly 7 million unfilled jobs. How has the pandemic affected the U.S. worker shortage and how may immigration reform play a role in solving it?

 

The Three Fates of the Recovery

The Three Fates of the Recovery

September 8, 2020

Don’t look to a typical business cycle to explain the economic recovery from COVID-19. Instead, this week, we look at three trends involving the stock market, the job market and consumer activity and what they mean for national output.

 

Two Key Takeaways from the Fed’s New Inflation Approach

Two Key Takeaways from the Fed’s New Inflation Approach

September 1, 2020

Last week, the Federal Reserve announced it would tolerate inflation “moderately” above its 2% targetwhy did the central bank do this now and what does it mean for financial markets? Also this week: signs of a consumer-driven Q3 GDP surge and a snapshot of the state of the job market.

 

What Awoke the Sleeping Real Estate Giant?

What Awoke the Sleeping Real Estate Giant?

August 25, 2020

After remaining dormant for more than a decade, the U.S. housing sector has roared back to life in the middle a pandemic and an economic crisis. This week we take a look at what may be contributing to this residential real estate tailwind, including: favorable aggregate income trends, low mortgage rates and demographic shifts.

 

COVID-19’s Impact on the Higher Education Economy

COVID-19’s Impact on the Higher Education Economy

August 18, 2020

Colleges and universities contribute up to 4% of U.S. GDP when you add up tuition costs, room and board, NCAA revenues and research dollars—virtual classrooms and cancelled sporting events will likely have a big impact on the higher education sector this fall. Also this week: a look at the strained finances of states and local communities due to COVID-19 disruptions.

 

3 Key Takeaways from the July Jobs Report

3 Key Takeaways from the July Jobs Report

August 11, 2020

What does the state of the job market in July tell us about the broader U.S. economy? Also this week: Why the Federal Reserve’s balance sheet is starting to shrink and how the Fed is changing the way it manages inflation.

Beyond the Headlines: What the GDP Report Tells Us

Beyond the Headlines: What the GDP Report Tells Us

August 4, 2020

Last week’s historic GDP report—showing a 32.9% annualized drop—drove a lot of news headlines, which at the surface-level, didn’t tell us much about where the economy is headed. Let’s dig a little deeper into the report and unearth four additional nuggets of data that may provide some answers about the months ahead.

 

 

Examining the Outsized Role of Unemployment Insurance in the COVID-19 Economy

Examining the Outsized Role of Unemployment Insurance in the COVID-19 Economy

July 28, 2020

In this special edition of Economic Take, Jim speaks with Fiona Greig, Director of Consumer Research at the JPMorgan Chase Institute, about a new report on the impact unemployment insurance has had on consumer spending and the U.S. economy since the start of the COVID-19 pandemic.

 

 

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