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Recent jobs data supports muted W-shaped recovery for now

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Recent jobs data supports muted W-shaped recovery for now

Edward Harrison
Aug 7, 2020
3
Share this post

Recent jobs data supports muted W-shaped recovery for now

pro.creditwritedowns.com

The jobs report that came out today and the jobless claims report that came out yesterday both support my baseline view that the rollover in US GDP growth has been mild so far. The threat to that outlook comes in the form of policy and the anticipated business bankruptcy wave that will hit after the summer. Brief analysis below

Baseline outlook

As I put i…

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