Real GDP back to WW2...from AnnaZ

Real GDP back to WW2: bottom panel shows real GDP's drawdown; current contraction is whopping 10%, 2.5 times more than contraction seen during Great Recession; GDP not projected to recapture previous peak until end of next year. #GDP# #Recession# #USeconomy#

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Although pace of labor market recovery is slowing, some sectors recovering faster than others; hiring remains depressed in service industries, while state/local government revenue shortfalls have led to continued job cuts in public sector, especially in education. #EmploymentChange# #EconomicCalendar#

AnnaZ

A look at sector weights over time since mid-1970s shows near-evaporation of Energy, while Tech has become increasingly dominant. #EconomicCalendar#

AnnaZ

August consumer credit -$7.22B vs. +$14B est. & +$14.7B in prior month ... drop in revolving credit indicates that pace of spending is moderating after gains following initial reopening of certain pockets of economy (& after fiscal stimulus hit). #trading# #investment#

AnnaZ