April 30, 2021 • Articles
By Chair Cecilia Rouse
The three data releases (Gross Domestic Product, Personal Income, and the Employment Cost Index) from the last two days show how recent policies enacted to support households through the pandemic are helping to boost incomes and spending, providing a lift to the current economic expansion. However, they also are a reminder that there is still more work to be done before the economy and households fully recover.
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The GDP report showed a strong pace of growth.
Yet it also serves as a reminder that the work of the recovery is not yet over: the U.S. economy is still about one percent below where it was pre-pandemic and more than 3 percent below its pre-pandemic trend.
Slowdown seen in office construction as work from home continues
Robert Besser
07 May 2021, 21:33 GMT+10
Indicating that the work from home trend is here to stay, U.S. businesses have stepped up their spending on technology and curtailed constructing offices, especially after the pandemic
Commerce Department data showed Monday that while spending on home-building has risen, spending on nonresidential construction has fallen
Commercial, manufacturing and office space projects slumped to under 15 percent of total construction outlays in March
Indicating that the working from home trend is here to stay, U.S. businesses have stepped up their spending on technology and curtailed constructing offices, especially after the pandemic.
May 6, 2021
This deep dive explores what problems plague our modern monies, and how bitcoin cures these issues.
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” -Abraham Lincoln
To understand the implications of a paradigm changing technology, one must intimately understand the problem that is being addressed. If we do not understand the problem at a granular level, how can we ever determine what may be a suitable solution? Bitcoin has been obtuse to many, the reason being that most simply do not understand the problem of money; if you are one of these people, don’t be hard on yourself very few do understand. With this writing, the aim is to help the novice learner become familiar with our current problem of money. Once the problem is understood, the solution becomes obvious. When speaking to radical disruption, humans have a hard time adapting to a new reality. This is not only due to fear of change, but more so, we are psycholog
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The economy added far fewer jobs than expected in April, just 266,000, and the unemployment rate rose slightly to 6.1%, the Bureau of Labor Statistics reported Friday.
The jobs numbers indicate that the pandemic recovery is not proceeding nearly as fast as was hoped. Forecasters had anticipated that the economy would add nearly 1 million nonfarm payroll jobs and that the unemployment rate would drop from March’s 6% down to 5.8%. This might be one of the most disappointing jobs reports of all time, said Nick Bunker, who leads North American economic research at the Indeed Hiring Lab. The labor market needs to gain 8.2 million jobs to put us back where we were pre-pandemic, not accounting for the jobs that would have been created if the pandemic never happened. Every month job gains don’t accelerate puts us further behind.
Slowdown seen in office construction as work from home continues
Robert Besser
07 May 2021, 21:33 GMT+10
Indicating that the work from home trend is here to stay, U.S. businesses have stepped up their spending on technology and curtailed constructing offices, especially after the pandemic
Commerce Department data showed Monday that while spending on home-building has risen, spending on nonresidential construction has fallen
Commercial, manufacturing and office space projects slumped to under 15 percent of total construction outlays in March
Indicating that the working from home trend is here to stay, U.S. businesses have stepped up their spending on technology and curtailed constructing offices, especially after the pandemic.