| Today's Economy
Back-of-the-Envelope Calculation of the Current U.S. Unemployment Rate The unemployment rate now could be as high as 16%. Europe Daily Briefing: U.K. Government Embraces Monetary Financing The move is not unprecedented, and should only be temporary. Fed Adds to Its Tools as Economy's Lender of Last Resort It will provide $2.3 trillion in loans aimed at supporting businesses and households as well as state and local governments. U.S. Schools' Non-Teaching Staff Feel the Pain Classroom aides and others face layoffs in prolonged COVID-19 shutdowns. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 10 April, 2020 China's March data should show improvement, but the economy is far from pre-COVID-19 levels. Europe Weekly Highlights and Preview, 9 April, 2020 The pandemic has overhauled the 2020 outlook for euro zone inflation. Forecaster’s Mailbag: The Economic Damage of Uncertainty and Fear We quantify how Japan's economy is influenced by sentiment and uncertainty. The Essential Economy A key segment of the U.S. workforce is at risk of furloughs and temporary layoffs. » VIEW MORE COMMENTARY
Today's Economic Indicators
South Korea
Monetary Policy
Apr. 2020: 0.75%
The Bank of Korea held fire and kept the policy rate at 0.75% in April. United Kingdom
Monthly GDP
Feb. 2020: -0.1%
The U.K. Italy
Industrial Production
Feb. 2020: -1.2%
Italy's industrial production fell 1.2% m/m in February, after gaining 3.6% in January. Brazil
Consumer Price Index
Mar. 2020: 3.30%
Annual inflation in Brazil trended down quickly as the high comparison base of last year benefited annual growth. India
Industrial Production
Feb. 2020: 4.5%
Industrial production accelerated considerably in February, coming in at a surprising 4.5% y/y and building on January’s 2%. United States
Producer Price Index
Mar. 2020: -0.2%
The producer price index slipped 0.2% in March but the disinflationary pressures will intensify over the next couple of months. Canada
Labor Force Survey
Mar. 2020: 7.8%
The labor market suffered one of its worst job loss reports on record in March, losing a staggering 1,011,000 workers during the month. United States
Jobless Claims
April 04: 6,606,000
The incredibly high level of initial claims for unemployment insurance benefits continues to stun, but at least claims appear to be flattening. United States
University of Michigan Consumer Sentiment Survey
Apr. 2020: 71.0
Consumer sentiment continues to fall rapidly, not surprising given the continued expansion of shutdowns and clear evidence of massive job losses. United States
St. Louis Fed Financial Stress Index
April 03: 2.72
Support from the Federal Reserve is helping to calm financial markets. United States
Wholesale Trade (MWTR)
Feb. 2020: -0.7%
Wholesale inventories fell by 0.7% in February, steeper than consensus expectations of a 0.5% decline. United States
Natural Gas Storage Report
April 03: 38 bil cubic feet
An unexpected increase in natural gas stocks is bad news for already-struggling gas prices. China
Consumer Price Index
Mar. 2020:
China
Producer Price Index
Mar. 2020:
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