Schedule for Week of July 5, 2020
This will be a light week for economic data.The focus will be on Job Openings and Weekly unemployment claims.----- Monday, July 6th -----10:00 AM: the...
Author : Calculated Risk
July 3 COVID-19 Test Results, Record Tests, Record Number Positive
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience...
Comments on Weekly Unemployment Claims
A few comments:On a monthly basis, most analysts focus on initial unemployment claims for the BLS reference week of the employment report. For July, the...
Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Declined
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.From Black Knight: Forbearances Reverse Course, See...
July 2 COVID-19 Test Results
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience...
Hotels: Occupancy Rate Declined 38.7% Year-over-year
From HotelNewsNow.com: STR: US hotel results for week ending 27 JuneU.S. hotel performance data for the week ending 27 June showed another small rise from...
Trade Deficit increased to $54.6 Billion in May
From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Thursday: Employment Report, Initial Unemployment Claims, Trade Deficit
Thursday:• At 8:30 AM ET, Employment Report for June. The consensus is for 3,074,000 jobs added, and for the unemployment rate to decrease to...
July 1 COVID-19 Test Results, Highest Percent Positive Since Early May, Over 50,000 Positive
UPDATE: First post didn't include California numbers. Now updated.The US is now conducting over 500,000 tests per day, and that might be enough to allow...
FOMC Minutes: Pandemic “Posed considerable downside risks to the economic outlook over the medium term”
From the Fed: Minutes of the Federal Open Market Committee June 9-10, 2020. A few excerpts: Over the intermeeting period, risk sentiment improved, on net,...