Higher Rock Education - Economics Blog

State of The Economy - June 2020

Wednesday, July 15, 2020

An economic recovery depends on containing the spread of COVID-19. The US economy was headed in the right direction in June. Employment was up. Consumer spending increased. Much of the good news was driven by government actions. States reopened their economies and millions of furloughed workers were rehired. Government transfer payments earlier in the quarter helped propel April’s income to record increases, which in turn contributed to a rise in May’s consumer spending. But, for continued improvements to be sustainable, more people need to return to work and public confidence needs to be restored. More

State of the Economy - May 2020

Thursday, June 18, 2020

The US economy has begun to reopen. Millions of people have returned to the workforce. Yet cases of the coronavirus continue to increase. Some consumers remain cautious and maintain social distancing and only venture out when they need to. Others are tired of the containment measures and completely ignore social distancing. State and local governments are gambling that any spike in cases is manageable and the economic benefits of opening exceed the potential risk of returning to containment measures. Review the state of the US economy by reviewing four government documents released last month. More

State of The Economy - April 2020

Tuesday, May 19, 2020

Many economic records have been shattered during the past seven weeks – all of them bad and caused by the containment measures imposed by most countries to control the spread of COVID-19. Two months ago, people felt secure in their jobs and were going out to eat, traveling, attending shows at the theater, shopping and rooting for their favorite team at the arena or on television. Now most of these activities have been shut down. Consumer spending had been the strength of the economy. The impact of the containment measures was sudden and enormous. More

State of the Economy - March 2020

Friday, April 17, 2020

Jobs have been the U.S. economy’s bright spot for several years. Low unemployment and increasing wages have propelled the expansion to a record 10 years. But, the COVID – 19 Pandemic has plunged the economy into a recession. Learn the projections of many leading analysts. More

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