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Get economic insights from Dan North.

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Dan North, Chief Economist of North America

Read the latest economic news from one of the top economists, Dan North. Learn about the latest trends & analysis to help keep your business growing.
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Economic Blogs

US Employment Report: A Major Disappointment

The employment report for August 2021 was a dramatic disappointment. The economy created only 235k jobs vs. expectations of 720k. It was the worst performance of the entire year to date.

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US Economic Update: Mixed News, Good Outlook

Overall, the US economy is still in very good shape – despite the mixed news. We expect strong growth for the rest of this year into next year. However, will the combination of recent inflation, the Delta variant, and slowing vaccinations knock the forecast down some?

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Economic Update: Employment tepid, rest of economy epic

In his latest blog post, Dan North, Chief Economist of Euler Hermes, Americas, explains why job growth in May 2021 was disappointing, while other economic indicators are looking up.

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"Base Effect" Distorting Recent Data

The economy is in very good condition and we expect an unusually strong GDP growth rate of 6.3% for all of 2020, the fastest in over three decades.

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Economic Update: US Personal Income and Consumption

In his latest blog post, Dan North, Chief Economist of Euler Hermes, Americas, looks at the US consumer income and consumption records that were set at the end of April 2021.

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2021 Economic Outlook

The U.S. economy is poised for the strongest growth in over 30 years as we enter the spring of 2021. Read what Dan North has to say about spending power, the labor, housing, and manufacturing markets.

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U.S. Blistering Hot Employment Report

This morning’s employment report for March shows that the breakout expected for this year is indeed underway. This will be a very good year with GDP growth of a rousing 5.3%.

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Economic Update: Consumers Roaring into Spring 2021

In his latest blog post, Dan North, Chief Economist of Euler Hermes, Americas, looks at data indicating the U.S. consumer is starting to awake after a long winter’s sleep.

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Bankruptcies and B2B Payment Issues
Bankruptcies and B2B Payment Issues

Ask an Economist: What’s Next for the Economy?

During our recent webinar, Dan North talked through his outlook for 2021, the current vaccine rollout, and developments in consumption, housing, manufacturing, and employment.

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Review of Feb. 2021 Employment Report

As previously noted, this February's US employment report showed a strengthening economy. It was the best report in five months

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US: Consumers went on an Unexpected Rampage in January

The US consumer came roaring back with a vengeance in January as retail sales sky-rocketed 5.3% m/m, far beyond expectations of 1.2%. It was the first gain after three consecutive months of losses.

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Jobs: Sharp Downward Revisions In The US, An Outright Plunge In Canada

The economy created +49k jobs in January, right around expectations. However the report was not nearly as strong as it looked. The employment situation in Canada took quite a grim turn for the worse, losing a huge -213k jobs in January.

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Good Riddance to the Last Data of 2020.

Ever since March, Americans have been saving much more of their income than usual. It is expected that as the weather gets warmer, and as Covid becomes more under control, consumers will go on a delightful spending spree.

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US: Another Round of Stimulus

As we know, the Federal Government has used fiscal stimulus to help support the economy which has been devastated by Covid. Now another round of stimulus, the American Rescue Plan (ARP), is on the table for $1.9 trillion, and if you add those three up you get to $5.2 trillion dollars.

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US: Jobs go Negative, Worse than Expected

The employment report for December was a nasty surprise. The consensus expectation had been for a gain of 50k jobs, but we had expected there would be a loss in jobs, maybe as much as -50k. Instead it was substantially worse at -140k.

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