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In August, employment increased by 1.37 million, with 238,000 coming from the hiring of temporary 2020 Census workers. The unemployment rate dropped to 8.4 percent, but the true rate, after adjusting for the misclassification error, is 9.1 percent. Between February and April, more than 22 million jobs were lost. 48 percent of those were recovered since April.

The report suggests that the rise in new COVID-19 cases at the beginning of the summer did not prevent the economy from further

According to a new global survey, CEOs and C-Suite executives think COVID-19’s fallout will result in leaner and more agile companies. Businesses will likely emerge from this pandemic using more contract workers and fewer permanent staff, and business travel will be reduced in favor of more videoconferencing.

The Conference Board surveyed more than 1,300 CEOs and C-Suite executives about COVID-19’s long-term impacts. They see a return to pre-pandemic revenue levels at leas

Deteriorating job prospects and rising anxieties about personal finances drove a record drop in global consumer confidence in the second quarter of 2020, according to The Conference Board® Global Consumer Confidence Survey.

Conducted in collaboration with Nielsen, 

In June, employment increased by 4.8 million, with most of the gains coming from retail, leisure, and hospitality. The unemployment rate dropped to 11.1 percent, but the true rate, after adjusting for the misclassification error, is 12.3 percent. And for additional perspective: the number of jobs in the US is still almost 15 million below the February level.

The increase in jobs is simply due to the reopening of many states’ economies. The big question is whether th