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!
U.S. consumer prices were flat in October following four 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.
Federal Reserve Chairman Jerome Powell said it is too early to say how progress in the global hunt for a coronavirus vaccine will influence the U.S. economy, particularly given concerning increases in infections that could weaken the recent economic recovery. “We do see the economy continuing on a solid path of recovery
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.
The number of people collecting unemployment benefits through regular state programs, which cover most workers, dropped to 6.8 million for the week ended Oct. 31 from 7.2 million a week earlier. Continuing claims are down significantly from their spring levels, reflecting that many laid-off workers have been recalled to jobs or hired elsewhere.
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.
