Labor Market Hitting a Speed Bump, Still Expecting a Winding Road Ahead

Rhea Thomas |
Wilmington Wire
JariJ

August 11, 2020—Over the past few months, the labor market has started the process of recovery after a sharp downward lurch in the aftermath of pandemic-induced shutdowns. The July employment report showed a third month of job gains, but at a slower pace relative to May and June, and was the first of a number of speed bumps we expect in the months ahead. We look for the recovery to continue, but not necessarily in a straight line.

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Stimulus Package is Paramount for Economy

Luke Tilley |
Wilmington Wire
BackyardProduction

July 31, 2020—As we head into the weekend, Congress is facing some self-imposed deadlines and increasing pressure to pass a new fiscal stimulus package to support the still-weak economy. The most often cited technical deadline is today, July 31, the official end date of the $600 per week boost to unemployment insurance (U/I) recipients.

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Webinar: Diagnosing the Disconnect: A COVID-19 Economic and Market Update

Tony Roth |
Investment Management

July 30—What do the Fed, fiscal stimulus, vaccines, and the election mean for the economy and your investments going forward?Chief Investment Officer Tony Roth, Chief Economist Luke Tilley and Head of Investment Strategy Meghan Shue analyze the key drivers behind the market’s recent run.

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Moderator: At this time, let’s begin today’s webinar, Diagnosing the Disconnect: A COVID-19 Economic and Market Update.

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