Category Archives: Weekly Financial News

May Employment Rise is Big Surprise!

Posted on June 5, 2020 by Popular Economics Weekly

Financial FAQs MarketWatch.com What happened? American workers are suddenly going back on the job; at least 2.5 million of them, according to the Labor Department. That knocks down the number of unemployed to maybe 20 million, and surprised economists. A … Continue reading →

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Why Has U.S. Made Such a Mess of It?

Posted on June 4, 2020 by Popular Economics Weekly

Popular Economics Weekly Wrightson.com Private sector employment decreased by – 2,760,000 jobs from April to May according to the May ADP National Employment Report®, much less than the original estimate of –8 million jobs. It precedes Friday’s official government unemployment … Continue reading →

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Why Has U.S. Made Such a Mess of It?

Posted on June 3, 2020 by Popular Economics Weekly

Popular Economics Weekly Wrightson.com Private sector employment decreased by – 2,760,000 jobs from April to May according to the May ADP National Employment Report® released today that precedes Friday’s official government unemployment report for May. Friday’s unemployment report is predicted … Continue reading →

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Why a Housing Shortage at This Time?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The Pending Home Sales Index (PHSI),* http://www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 21.8 percent to 69.0 in April. Year-over-year, contract signings shrank 33.8 percent. An index of 100 is equal … Continue reading →

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Why the Housing Shortage?

Posted on June 1, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com We are now beginning to feel the recession in housing caused by the Coronavirus pandemic. What can we say with so many living on the edge because of the loss, or temporary hiatus, of their jobs? … Continue reading →

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Will Economic Growth Return in Fall?

Posted on May 29, 2020 by Popular Economics Weekly

Financial FAQs Wrightson.com The second estimate of first quarter real GDP growth was revised to a negative -5.0 percent from its initial estimate of -4.8 percent, with the decline in consumer services the main culprit. It only hints at how … Continue reading →

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What Letter Will Describe This Pandemic?

Posted on May 27, 2020 by Popular Economics Weekly

Popular Economics Weekly Conference-board.org The Conference Board’s consumer confidence survey should help to predict the shape of this economic recovery from COVID-19. It’s shape will mirror the degree of “uncertainty” felt by consumers. In the words of Lynn Franco, Senior … Continue reading →

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Will Those Jobs Return?

Posted on May 25, 2020 by Popular Economics Weekly

The Mortgage Corner Wrightson.com Initial claims for unemployment benefits fell by just 249K to 2.438 million in seasonally adjusted terms in the week of May 16, as the businesses begin to reopen in all 50 states.  The aggregate level of … Continue reading →

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The Coming Greater Depression?

Posted on May 8, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch.com Minnesota Fed Governor Neal Kashkari believes the COVID-19 pandemic doesn’t have to bring on another Great Depression. But it will still take some 18 months to recover, and only if Americans are able to cooperate in … Continue reading →

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The Coming Anxiety Pandemic

Posted on May 6, 2020 by Popular Economics Weekly

Popular Economics Weekly Dryuz.com Americans’ confidence in their future is dropping substantially as they decide who to trust during the COVID-19 pandemic. Hence what Nobel laureate economist Robert Shiller has called the rise of its result—an anxiety pandemic. Dr. Shiller’s … Continue reading →

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