NWSOFA Indivisible Fiscal and Economic Issue Team Meeting

Attendance link: https://us02web.zoom.us/j/82859573341?pwd=bE14dFE2azJpSy8wYUZOV2RGNkpPdz09

The NWSOFA Fiscal and Economic Issues group will meet VIRTUALLY on Thursday, August 26th at 7 pm. The Zoom room will open by 6:50 pm. Please note that this is a different meeting link than the Webex link we have been using for the last year. Come join us and share your thoughts.

The US is currently recovering from the deepest downturn since the Great Depression of the 1930’s with 5.7 million fewer jobs than last February as of the July employment report. The recovery faltered at the end of 2020, but is regaining momentum this year after passage of $900 billion in assistance in December and another $1.9 trillion this year. Job gains in February (536,000), March (785,000), April (269,000), May (614,000), June (938,000), and July (943,000) were an improvement over the job losses of 306,000 in December. Over four million jobs added in six months.

We will also discuss inflation and why the numbers so far don’t look troublesome, as well as forecasts for future GDP growth and inflation.

You can view a copy of June’s PowerPoint presentation at https://drive.google.com/file/d/1No_os74GjiAG-YHaeQmhq8OLyyFP7IBX/view?usp=sharing

A draft of July’s presentation is at https://drive.google.com/file/d/12NPU5_ZFqsT7ZhyveXyf1mr9xz9Wchot/view?usp=sharing

You can view a video of our June meeting at
https://www.youtube.com/watch?v=_P37i6HkgdE