U.S. Economic News

November 23, 2020

U.S. Economic Indicators

The Chicago Fed National Activity Index rose from +0.32 in September to +0.83 in October. Three of the four broad categories of indicators – production, employment, and sales, orders, & inventories – contributed positively to the overall index, while the consumption category contributed negatively. Chicago Fed Report

U.S. News

According to the Financial Times, the public sector layoffs resulting from the dramatic fall in state and local tax receipts have particularly impacted African-American workers who make up a disproportionate share of the public sector workforce. Nearly 1.4 million state and local government workers have lost their jobs since February, a number that is likely to grow without additional federal aid. FT