Business Conditions

“Personal income fell in August as government payments declined. Ongoing restrictions on consumers and businesses continue to threaten the economic recovery.” – Robert Hughes

“Initial claims for unemployment benefits remain stubbornly high, suggesting a slow and uneven economic recovery.” – Robert Hughes

“Consumer attitudes improved in September, but views of current conditions and the future remain sharply divergent; combined with other developments, the economy remains at risk.” – Robert Hughes

“Manufacturers’ new orders for durable goods rose in August, but the uneven pace of recovery in many areas of the economy is raising concern about the durability of the recovery.” – Robert Hughes

“The housing market has become a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes

“Initial claims for unemployment benefits remain very high, suggesting a slow and uneven economic recovery.” – Robert Hughes

“Despite the pandemic, restrictive government policies, and recession, household net worth rebounded to a new record but excessive debt in other sectors is a risk.” – Robert Hughes

“Single-family housing is becoming one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites transition to less dense housing.” – Robert Hughes

“The number of unemployment benefits recipients remains very high, suggesting a slow labor market recovery and uncertain path for economic growth.” – Robert Hughes

“Retail sales posted another gain in August, but the pace is slowing; persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes