The US employment report for April 3, 2020 was worse than expected. Dan North breaks down some of the key stats from the report as well as some of the good news about the potential for future employment recovery.
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.
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.