New Jobless Claims Unexpectedly Fall To 52-Year Low Even Though 2 Million Americans Are Still Receiving Unemployment Benefits

Topline New jobless claims fell substantially last week to their lowest level in 52 years—faring much better than economists were expecting and continuing a slew of promising developments for the labor market, which has staged an encouraging comeback in recent weeks despite struggling to add back workers who lost jobs during the pandemic. Economists were…

The Economic “DDT” Keeps Growth Low

Pre-Pandemic Real GDP Universal Value Advisors Dichlorodiphenyltrichloroethane, commonly known as DDT, was a colorless, tasteless and nearly odorless insecticide used extensively in U.S. agriculture in the 1950s and 1960s. Because of its negative health and environmental impacts, it was banned in the U.S. in 1972. Today’s U.S. and developed world economies have within themselves the equivalent of…

Biden’s Latest Stimulus Package Is Fueling Short-Term Inflation, New Report Finds

Topline Amid heated debate in Washington over whether government spending is fueling a rise in inflation, new research from the Federal Reserve Bank of San Francisco suggests that the Biden administration’s latest stimulus package is contributing to a spike in prices. A regional Fed analysis argued that Biden’s stimulus package is boosting near-term inflation. Joe…