Darren Richards

Economic Outlook  Although economic recovery seemed threatened by the recent increase in COVID-19 cases, some positive signs became apparent at the end of the week.   6/30/20 | Dow caps off best quarter since 1987 as strong economic data drives gains  6/30/20 | Stocks climb on new signs of economic recovery  6/30/20 | National mask mandate…

Economic Outlook  Retail, home sales, and overall business activity have seen improvement. Mnuchin projects a possible end to the recession by the end of the year, while Bloomberg economists have a less positive outlook.  6/23/20 | Mnuchin says U.S. may emerge from recession by end of year  6/23/20 | US business activity jumps to a 4-month high in June, showing that…

Economic Outlook  Experts warn that full economic recovery could take a couple more years. Some see improvement in retail as a promising sign.   6/16/20 | Stocks rally worldwide on hopes for coming economic recovery  6/16/20 | US retail sales up 17.7% in a partial rebound from plunge  6/16/20 | How COVID-19 will change the…

Economic Outlook  The US has officially entered a recession. Some see signs of improvement, while others believe alternative indicators are needed to accurately evaluate this pandemic economy.  6/9/20 | The US labor market is recovering ‘at a healthy pace’ so far in June, Fed study shows  6/9/20 | People are getting in planes: The travel business is picking up  6/9/20 | The US recession is confirmed. Now…

Economic Outlook  Forecasts for national economic recovery continue to develop. Hopes for the speedy implementation of a COVID-19 vaccine may not be a reality.    6/2/20 | Global stocks rise on economic rebound optimism  6/2/20 | The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO  6/1/20 | A State-By-State…

Economic Outlook  As shutdowns continue to end around the country, positive trends for reopening are encouraging.However, some industries are faring better than others.  5/26/20 | May consumer confidence tops estimates as the US unwinds economic shutdowns  5/26/20 | Housing market heating up during COVID-19 pandemic  5/26/20 | Dow leaps 530 points as hopes for…

Economic Outlook  Experts predict that full economic recovery will likely not occur until at least 2021, though Florida is expected to start seeing some improvement as early as Q3 of this year. Analysis of the effects of the crisis on small businesses continues.   5/19/20 | Small business layoffs may have hit bottom: Study  5/19/20 | Bank of America’s CEO doesn’t see the US…

Note - As businesses begin to reopen, these updates will now be published weekly on Wednesdays. Economic Outlook  The stock market responds well to reopening efforts around the country, while businesses try to make the most of the new economic reality.  5/12/20 | Stocks Rise Slightly, Dow Up 100 Points As Reopening Of The Economy Continues  5/12/20 | Why The Pandemic…

Updated Data Reveals More About Economic Impact of COVID-19 Pandemic  From February to April, the U.S. unemployment rate rose from 3.5% to 14.7%, marking the highest unemployment rate since the Great Depression. This rate does not include those who are unemployed, but not actively looking for a new position. Additionally, April set a new record…

Governor DeSantis: South Florida Will Reopen Soon  Governor DeSantis has announced that South Florida counties excluded from reopening during the states’ “Phase 1” plan will be able to start reopening “soon”. He cited “good trends” in the counties, though did not provide a specific date for their reopening. This news comes after Palm…