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Economic Commentary
More Americans Return to Work in October
Non-farm payrolls rose by +531k in the month of October, while the headline unemployment rate fell from 4.8% to a pandemic low of 4.6%. Both payrolls...
Fed Says Taper Will Begin this Month, but Timing of Rate Hikes TBD
Fed officials made it official this afternoon at the conclusion of the two-day November FOMC meeting: the taper will begin this month. By reducing...
Record ISM Reading Signals Service Sector Improvement but Serious Challenges Along the Way
Economic activity in the service sector appears to be gaining significant momentum in the final months of the year as the non-manufacturing index...
Trucking Roadblock May be a Bigger Threat than Clogged Ports
The American Trucking Association (ATA), in an update issued earlier this week, estimates that the nationwide truck driver shortage will reach a...
GDP Wilts as Consumers Find Fewer Goods to Purchase
Knotted supply chains and an escalation in Covid-19 cases during the summer months slowed economic growth in the third quarter to the weakest GDP...