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Economic Update | December 18, 2020

Economic Update | December 18, 2020

• The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% month- over-month decline is the slowest rate of improvement since the Spring shutdown. • While improvement is slowing, U-3 has recovered by 8.0% since April, when the rate...
Economic Update | November 13, 2020

Economic Update | November 13, 2020

• According to the Bureau of Economic Analysis, the U.S. economy grew at an annualized rate of 33.1% in the third quarter of 2020, the highest reading on record. Of course, the third quarter rebound follows the worst single quarter contraction on record, as annualized...