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Chaplain conroy let us pray. God of the universe, thank you for giving us another day. Throughout the country people mourn those whom they have lost. People lament the loss of businesses of normalcy. 100,000 have now died of covid19. They were democrats and republicans, they lived in urban areas and now more and more in rural areas. They were the desendents of men and women who were colonists or founding fathers, and immigrants who had recently become citizens. They were disproportionately people of color, but not only of color, and of every religion and culture in this nation. , when o lord, will we come to understand that we are all in this together . If we do not stand together we risk falling together. Heal the divisions within our body politic, within this chamber so that your healing power through our actions and good will can be manifest in our United States. May everything done this day and in the days and weeks to come be ....
This is the second month and a rope where it surprised to the upside. It was coming down. Is it going back up . Carl it still looks like there is a broader deceleration underway but the slope is much shallower and it tells you some of the handwringing over the trade war is overblown in terms of the consequences for the broader economy. The trade wars negative without doubt. Growth is slowing. As the economy slows, hiring should slope, but things are not rolling over. Written a fair amount about the relationship between the economy and the growth of the jobs numbers. Is it changing your mind about how much the economy is slowing . Carl may be at the margin it tells us there is less slow down. If we look at the number of hours worked, a unit of gdp requires a certain number of worker hours to produce and the fact that aggregate hours worked is growing at 1. 9 to the us thet quarter tells tracking estimates of gdp that are below our forecast are down closer to 1 . Is based takeaway here o ....