Quotes from the news wire:
We are seeing the labor market high on PPP money, once it runs out we might see a significant increase in layoffs again.
Found on Reuters 4 years ago
Once the PPP money runs out, there could be another round of layoffs especially in services which was a big beneficiary of the government program.
Found on Reuters 4 years ago
We pretty much know April was a disaster. The question is as the lockdowns ease in May and June, what segments of retail sales are going to be coming back and what are not coming back at all, all indications are the recovery is going to be slower and gradual, if we have one.
Found on Reuters 4 years ago
The economy is almost in free fall, we will see the bottom when the coronavirus infection rates stabilize. It's going to be a pretty deep bottom from which to come up.
Found on Reuters 4 years ago
They'll have to cut back their spending immediately. That has a significant multiplying effect throughout the world.
Found on CNN 5 years ago
I don't think the worst is behind us in terms of the economic impact. The worst is yet to come.
Found on CNN 5 years ago
Lower income workers will be hit harder, they'll have to cut back their spending immediately. That has a significant multiplying effect throughout the world.
Found on CNN 5 years ago
The interim trade deal with China is really a stop-gap measure, trump, facing a tough reelection battle wants to show some progress and China needs to boost its economy. The real hard work is ahead.
Found on Reuters 5 years ago
Given the uncertainty in the economy, businesses are very cautious about spending in construction as well as equipment, and this is not a very good sign, after all, businesses are the ones hiring people, providing income and the buying power for consumers.
Found on Reuters 5 years ago
The Fed will have to cut interest rates again probably in October or December, the Fed is the only game in town to support the flagging economy.
Found on Reuters 5 years ago
The key to future economic growth is business spending. Evidently, businesses do not share the ebullience consumers have, this is not a good sign for the economy because there would be fewer jobs for consumers. For this reason, the Fed will cut rates next week.
Found on Reuters 5 years ago
There is no inflationary pressure coming from the labor side, it is hard to explain why wage gains are so slow in the current labor market.
Found on Reuters 5 years ago
Slower, but moderate economic growth is continuing and we might see some slight acceleration as we head into second quarter.
Found on Reuters 5 years ago
Up until now we have had people rejoining the labor force, which allowed businesses to hire people, especially at the unskilled and semi-skilled level, there are signs that well could be running dry.
Found on Reuters 5 years ago
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