Today's Economy Economic Roundup: Falling Through the Cracks Millions of struggling Americans risk losing jobless benefits after December 31. LatAm Daily Briefing: Informal Jobs Decline Amid Pandemic Big businesses have also slashed workers but at a smaller clip. Europe Daily Briefing: Turkish Central Bank Steps Up Euro zone construction declined in September, ending the recovery that started in May. RCEP Revives the Multilateral Approach to Managing Global Trade Talks began with ASEAN members in 2013; the pact brings the economies of 15 nations closer together. » VIEW MORE TODAY'S ECONOMY
Commentary Unsteady on the Fiscal Cliffs A number of U.S. support measures, including some jobless benefits, are set to expire December 31. New Frontiers in the U.S. COVID-19 Crisis The pandemic causes lines to be crossed, both literally and figuratively. Pandemic’s Lasting Impact on U.S. Consumer Spending The crisis will have more implications for what people buy than how much. New Vehicles Less Affordable as Incomes Drop A new index captures components to gauge the American consumer’s ability to purchase a new car, truck or SUV. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Jobless Claims November 14: 742,000 U.S. initial claims for unemployment insurance increased to 742,000, rising more sharply than either we or the consensus anticipated. Canada ADP Canada National Employment Report Oct. 2020: -79,500 The job market situation in Canada continues to improve. United States Philadelphia Fed Survey Nov. 2020: 26.3 The Philadelphia Fed Manufacturing Survey pulled back in November but remains on solid ground after a stronger-than-expected October. United States Existing-Home Sales Oct. 2020: 6.85 mil Existing-home sales increased 4.3% in October to 6.85 million units annualized, clocking in their most elevated level since May 2006 and registering the fifth consecutive month of gains. United States St. Louis Fed Financial Stress Index November 13: -0.83 The St. United States Internet Sales (E-Commerce Sales) 2020Q3: $209.5 bil Internet sales in the third quarter of 2020 fell by 1% from the previous quarter but remained 36.7% higher than the same quarter in 2019. United States Conference Board Leading Indicators Oct. 2020: 0.7% Leading economic indicators improved in October. United States Natural Gas Storage Report November 13: 31 bil cubic feet The build in natural gas inventories was well above consensus expectations, a negative for natural gas prices. United States Kansas City Fed Manufacturing Survey Nov. 2020: 11 Manufacturing activity in the 10th District expanded modestly in November, but remains firmly below its pre-pandemic level. Japan Consumer Price Index Oct. 2020: » VIEW MORE ECONOMIC INDICATORS |