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Day: September 4, 2021

Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes next

A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Pandemic unemployment benefits The federal government expanded the safety net for the jobless to a historic degree last year, when the U.S. was in the throes of its most rapid economic downturn in history. The …

Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes nextRead More

Dollar Weakness to Stay after Substantial Setback in Job Recovery

Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A tapering announcement from Fed in September is basically off the table. Overall development in US …

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Weekly Economic & Financial Commentary: Supply Problem Derails August Jobs Report

Summary United States: Supply Problem Derails August Jobs Report The 235K jobs added in August was about half a million jobs short of expectations. For financial markets, which were hanging on every indication of the labor market as a clue to eventual Fed tapering, this report did not shout “substantial further progress.” Other economic indicators …

Weekly Economic & Financial Commentary: Supply Problem Derails August Jobs ReportRead More