The U.S. spends about $2 TRILLION a year training and educating roughly 125 mil people. Education institutions and students need to better understand which of those investments are earning reasonable returns. A college degree is no longer the only way to invest in education!
Consumer prices were flat in OCT following 4 straight months of gains, a sign of subdued inflation amid weak demand for a range of goods and services. Higher costs for dining out and groceries last month were offset by declines for items such as apparel and household furnishings.
Jay Powell said it is too early to say how progress in the global hunt for a coronavirus vaccine will influence the U.S. economy, given concerning increases in infections that could weaken the recent economic recovery. We pray for the vaccine to help growth and safety for the US!
The Unemployment rate of 6.7% at the end of this year, is down from 7.8% in last month’s survey. We at CB3 now expect gross domestic product to contract 2.7% this year, measured from the fourth quarter of 2019, an improvement from the 3.6% contraction they predicted last month.
People collecting unemployment benefits through state programs--most workers-- dropped to 6.8 mil for the week ended Oct. 31 from 7.2 mil a week earlier. Continuing claims are significantly down from their spring levels, reflecting that many laid-off workers have been rehired...
Grocery stores are reinstating purchase limits on items like paper towels & soap for the first time since the spring, as consumers stock up on staples amid rising Covid-19 cases. With people staying at home, retailers say there is high demand for paper products and frozen foods.