Which segments are benefiting from changing consumer behaviors?
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Lawmakers agree upon long-awaited omnibus bill. After months of negotiations, Congress has reached a deal on a $900 billion relief package. The bill comes immediately before protections for workers were set to expire, including unemployment benefits and an eviction moratorium. As COVID-19 cases spike and several cities tighten business restrictions, the additional federal assistance aims to bridge the economy and individuals through the next few months…
Read MoreDwindling income and renewed closures push retail sales lower. The last of the supports from the CARES Act are winding down, including an extension of state-level unemployment benefits that will expire at the end of this year. Furthermore, several major cities have ordered businesses to temporarily shutter or reduce capacity. As a result, core retail sales declined 0.8 percent in November…
Read MoreHeightened health risks temper job growth. Employers added 245,000 personnel to payrolls in November, bringing the total number of jobs created since April to 12.3 million. Last month’s gain, while above the historical average, was nevertheless the smallest of the pandemic period…
Read MoreDespite coronavirus-driven uncertainty, the capital markets are relatively stable and continue to improve from the onset of the pandemic…
Read MoreCatalysts like strong pre-pandemic employment growth and net migration bode well for future growth., but inflow of rentals test demand…
Read MoreRetail sales gains slow. Buoyed by Amazon Prime Day sales, retail sales inched up 0.3 percent in October. Core retail sales ticked up 0.2 percent last month as the pace of consumer spending gains returned to normal levels. Future gains in several sectors remain in doubt…
Read MoreOctober job additions consistent month over month. Employers hired 638,000 personnel last month, modestly below the 672,000 positions created in September. This more consistent level of job creation reflects the benefits of continued economic reopenings, although the recent rise in the number of coronavirus cases presents fresh concerns.
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