Month: October 2020

It’s been about four months since the National Bureau of Economic Research declared that the US was officially in a recession, and what a weird recession – and recovery – it’s been. The stock market has been merrily chugging along since February, when the recession began; disposable income increased even though millions of Americans were […]

The final jobs report before the presidential election is here. In September, 661,000 more people were employed than in August, and the unemployment rate fell to 7.9 percent. That’s a slight – but not huge – improvement over last month, when the unemployment rate was 8.4 percent. (Compare this report’s 0.5-percentage-point decrease to the 1.8-point […]