Weekly Market Recap – November 13, 2020 In the Markets Economic news for the week ending November 13th indicated a slight improvement in the employment statistics. The number is now 21.16 million unemployed compared with 21.53 million the previous week. New jobless claims came in at 709,000 vs. 751,000 from a week earlier. Consumer prices

Weekly Market Recap – November 6, 2020 In the Markets Data from Johns Hopkins University showed 126,742 new US cases of COVID-19 on Saturday. This marked the fourth day in one week of more than 100,000 new reported cases. Sixteen states have indicated record high COVID-19 hospitalizations, according to the Covid Tracking Project. In the

Weekly Market Recap – October 30, 2020 In the Markets Third-quarter GDP growth was a record +33.1% vs. a 31.4% decline in Q2. There were 751,000 new jobless claims reported, compared to 791,000 the previous week, for a total of 22.65 million unemployed workers, down from 23.07 million. Personal income rose 0.9%, compared with the

Weekly Market Recap – October 23, 2020 In the Markets A record one-day high of more than 83,000 US coronavirus cases was reported on Friday. New jobless claims were 787,000 for the reported week, and continuous unemployment benefit claims improved to 23.15 million people, down from 24.2 million. September’s index of leading economic indicators fell

Weekly Market Recap – October 16, 2020 In the Markets Coronavirus cases are surging in Europe, and with the weather cooling, the US braces for a new wave of infections. At least nine states are reporting record numbers of new cases, and thirteen states have positivity rates in excess of 10%. The Labor Department reported

Weekly Market Recap – October 9, 2020 In the Markets Initial jobless claims for the week ending October 3rd were 840,000 vs. median expectations of 820,000. For the past month, this statistic has been moving within the range between 800,000 and 900,000. The trade balance figure for August was a deficit of $67.1 billion, lower

Weekly Market Recap – October 2, 2020 In the Markets On Friday, President Trump was admitted to Walter Reed National Military Medical Center after testing positive for COVID-19. Several other people who had attended his Rose Garden gathering the previous Saturday tested positive, as well. On Wednesday, the global total of COVID-19 deaths reportedly surpassed

Weekly Market Recap – September 25, 2020 In the Markets Unemployment remains a focal point of the nation’s economic health. The labor department reported that new applications for jobless benefits rose to 870,000 compared to 866,000 the previous week. For August, the unemployment rate was 8.4%, down from nearly 15% in April. Government reports on

Weekly Market Recap – September 18, 2020 In the Markets Thursday’s Labor Department report stated that initial unemployment benefit claims totaled 790,000 before adjustments for seasonal factors, down from the prior week’s 866,000 tally. It is still four times what it had been before the pandemic led to shutdowns and layoffs back in March. As

Weekly Market Recap – September 11, 2020 In the Markets The unemployment claims number held steady at 884,000, unchanged from the revised figure for the previous week, which is a sign that the US recovery might be losing steam. The Bureau of Labor Statistics reported on Friday that the cost of goods and services rose