Prevedere’s latest U.S. economic outlook report focuses on one of the most important topics for businesses in 2021, the state of the U.S. labor market.
In this two-page report, Andrew Duguay, Prevedere’s Chief Economist, shares his views on a paradox of U.S economic recovery – how can we be in a situation where there are 8.5 million fewer Americans employed, yet the job market feels red hot?
Andrew answers this question by providing data, in addition to the unemployment rate, to get a market feel estimated rate. He then provides perspective on how businesses can interpret this information and illustrates comparisons to both recessions past and times of normalcy.
During the discussion, Andrew also provides an update on expected GDP growth, what he expects for consumer demand, and how that impacts wages and margins.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 3 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.