On Friday morning there was smart news, as the employment scenario report showed a greater improvement than expected.The reported addition of 1.4 million jobs and the fall in unemployment to 8.4% were welcome after Wednesday’s ADP employment report, which did not meet the forecasts.At the same time, however, 238,000 of the improvement was obtained through the transitional recruitment of 2020 census officials and another 72,000 in education, possibly by the resumption of school.
The signals had been combined before today’s report.On the plus side, new home sales went up and orders for durable goods were particularly higher than expected.five tenants. In fact, it is estimated that nearly a third of American families did not meet their July housing bills.This accumulated personal sector debt can have significant consequences for months or even years to come.
And of course, renewed protests, wildfires and hurricanes.
AND COVID-19.
In short, if today’s figures were welcome, there is still a lot of suffering and in fact they will be worse next month when the effect on the relief of unemployment benefits is more widely detailed.And other people want not to forget that this not only deprives those Americans of income, but also reduces the sales of the merchants they spent their money on.
All of this is quite tragic as it is, however, the fact that so much has been avoided (see D.D.’s Dereliction Of Duty) makes it practically criminal.
I’m a professor of economics at Texas Christian University, where I’ve been performing since 1987, my specialty spaces are the foreign economy (particularly trade
I am a professor of economics at Texas Christian University, where I have performed since 1987, my spaces of expertise are foreign economics (especially exchange rates), macroeconomics, economic history and new schools of thought.director, executive director of the International Confederation of Associations for Pluralism in Economics, member of the Board of Directors of the Association for evolutionary economics and member of the editorial forums of the American Journal of Political Economy, Critics of Political Economy, The Encyclopedia of Political Economy, Journal of Economics Issues and Social Science Journal.My studies include more than 40 evaluated publications, two published volumes, and two books.