You probably didn’t need today’s data release to tell you we’re already in a recession, but here it is. Weekly jobless claims, also known as filings for unemployment benefits, are the first hard piece of data to show it.
And even before the coronavirus, as you know, we were spotting lots of signs in the economy that suggested a slowdown in H1. The economy was just waiting for one more downdraft, and it sure got one. We may get away with a flat Q1, but clearly, Q2 will be sharply negative.
The U.S. Department of Treasury Bureau of the Fiscal Service has taken an important first step to modernize the regulations pertaining to its assessment and evaluation of sureties writing bonds to the U.S. Federal government.
The latest US jobs report was very strong, with job gains of +225k – way above expectations of +175k – and positive revisions to the prior two months. Learn more from Dan North, Chief Economist for Euler Hermes North America.
Euler Hermes e-newsletters
Get economic & trade insights in your inbox
Want the right Euler Hermes information at the right time? We have a variety of newsletters that will help keep you informed of economic news that could impact trade as well as articles covering many important B2B risk mitigation topics.