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The Covid-19 pandemic brought the passenger cruise industry to a standstill for nearly two years. But fast forward to 2024, and passenger numbers are expected to surpass the pre-Covid levels [...]

As of mid-2023, most raw material suppliers and coatings producers are able to produce sufficient material to fill their orders, though often with lead times that are longer than was [...]

In partnership with the American Coatings Association (ACA), ChemQuest is delighted to announce the release of the U.S. Market Analysis for the Paint and Coatings Industry, 2023-2028. The previous industry [...]

Home prices in pandemic boomtowns have dropped since mid-2022, creating investment opportunities. Zillow Chief Economist Skylar Olsen says these markets are good for buying rental properties. The growing labor force [...]

March 8, 2024 The United States appears to have avoided a recession following the swift rebound from the COVID-19 pandemic. In their latest projections, the U.S. Congressional Budget Office (CBO), [...]

March 4 -- Despite an economic slowdown and trade headwinds that have eaten into Chinese company profits in the past year, philanthropic donations by Chinese billionaires have continued and universities [...]

The Japanese economy in 2023 had two distinct features. Macroeconomic indicators, such as GDP and employment, were broadly in good shape. But economic trends that are unsustainable kept worsening, raising [...]

Real time tracking of inflation developments is important because inflation influences the behavior of everyone participating in an economy. When making decisions, consumers and businesses may have to forecast the [...], Using a model based on staff research, the Cleveland Fed's website provides daily nowcasts--or near-term predictions--of multiple US inflation measures for public use. In this Commentary, we compare the historical predictive accuracy of the model behind those inflation nowcasts with the accuracy of inflation nowcasts coming from competing sources: surveys of professional forecasters and alternative statistical models. We find that our inflation nowcasts have performed relatively well in these comparisons, both over a long sample and a short sample that focuses on the period since the start of the COVID-19 pandemic.

SARS-CoV-2 (COVID-19) impacted the US labor market significantly. As seen in Figure 1, between February 2020 and April 2020, the US economy lost more than 24 million jobs. These job [...], Headline numbers have shown that the US labor market has recovered the jobs lost during the pandemic. Nevertheless, there is significant variation in the recovery across states and counties and across occupations and industries. Using the available data from the monthly Current Population Survey and the Bureau of Labor Statistics' State and Metro Area Employment, Hours, and Earnings for January 2019 to August 2022, we present the changing patterns in the labor market. We also highlight some possible underlying reasons that are correlated with the varying patterns across groups and space. Finally, we look at the spatial distribution of the employment across states and micro and metropolitan areas. Results are in line with an uneven recovery across areas, while at odds with a narrative based on working arrangements making economic activity more even across space.

From 2019 through 2021, 8.6 million workers experienced job displacement, an involuntary loss of a job because of plant closure or insufficient work (US Bureau of Labor Statistics, 2022). (1) [...], Workers displaced during the pandemic recession experienced better subsequent earnings and employment outcomes than workers displaced during previous recessions. A sharp recovery in aggregate labor market conditions after the pandemic recession accounts for these better outcomes. The industry and occupation composition of displaced workers, the prevalence of worker recalls, and the uptake of unemployment insurance benefits are unlikely explanations.

HELEN CHEN [check] JOB TITLE Instructional designer EMPLOYER Teamwork INDUSTRY Technology HEAD OFFICE Cork, Ireland BASED IN Markham, Ont. START DATE May 2022 WHEN I WAS in high school, I [...]

The African Continental Free Trade Area (AfCFTA) agreement, which entered into force in May 2019, promised to unlock the full potential of Africa’s agricultural sector and accelerate sus- tainable economic [...]

India, Nov. 30 -- Economic abuse tends to involve controlling and coercive behaviour by a woman's partner, in-laws or other family members In the wake of the COVID-19 crisis, the [...]

China's economy has stumbled since coming out of the country's COVID-19 lockdown late last year. Factory activity declined in October, while foreign investment tumbled 34% in September. Experts say the [...]

Ghana is often touted as a suc- cess story of democracy, sta- bility and economic reforms in Africa. In the wake of the Covid-19 global pandemic the country found itself [...]

October 05 -- The UN Conference on Trade and Development (UNCTAD) foresees a slowdown in global economic expansion to 2.4% in 2023, followed by a slight increase to 2.5% in [...]

October 04 -- In a significant boost to the Indian economy, the hospitality giant Airbnb made a substantial contribution of over Rs 7,200 crore to the Gross Domestic Product (GDP) [...]