VIRTUAL NWSOFA Indivisible June Fiscal and Economic Issues Meeting

RSVP: https://act.indivisible.org/event/local-actions/162905

VIRTUAL NWSOFA Indivisible June Fiscal and Economic Issues Meeting

The NWSOFA Fiscal and Economic Issues group will meet VIRTUALLY on Monday, June 14th at 7 pm. The Webex room will open by 6:50 pm. Come join us and share your thoughts.

The US is currently in the deepest downturn since the Great Depression of the 1930’s with 8.2 million fewer jobs than last February as of the April 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 (468,000) and March (916,000) look promising for the recovery. April job gains of 266,000 were disappointing, but still better than the job losses of 306,000 in December. It should be noted that all of these numbers are AFTER seasonal adjustments. Before seasonal adjustments the US added over one million jobs in each month February through April. The May Employment Report will be published Friday, June 4th.

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 last month’s PowerPoint presentation at https://drive.google.com/file/d/1j6Ao1BZgbkpmpfiaTzv2oCns325HYuxc/view?usp=sharing

Link to event information: https://nwsofaindivisible.my.webex.com/meet/ofa.nws