• Trade deficit increased to $79.3 billion in July from $71.0 billion in June. • Exports and Imports both grow by 11.8%. Imports roughly 70% larger than exports causing widening. • Exports still 16.5% below February 2020 level. [...]
Introducing
Gerald D. Cohen
in:Our Authors
Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
Publications by Gerald D. Cohen
Global| Aug 28 2020U.S. Goods Trade Deficit Widens Substantially in July
- Global| Aug 27 2020
U.S. State Initial Claims Remain Over 1 Million
• State initial jobless claims declined to 1.006 million in the week ending August 22. • Federal Pandemic Unemployment Assistance new filers increased to 607,806, the second consecutive gain. • Continuing claims for state programs [...]
- Global| Aug 26 2020
Transport Drives Strong U.S. Durable Goods Orders
• Headline durable goods orders jumped 11.2% in July as transport soared 35.6%. • Excluding transportation orders were up a solid 2.4%, with core capital goods growing 1.9%. • Core capital goods orders are just 0.5% from their [...]
- Global| Aug 25 2020
U.S. FHFA House Prices Rebound in June
• FHFA home price index increases 0.9% in June after declining 0.2% in May (only COVID-related decrease). • Eight out of nine regions show price gains. The Federal Housing Finance Agency (FHFA) Price Index jumped 0.9% in June, [...]
- Global| Aug 24 2020
Chicago Fed National Activity Index Moderates in July
• Activity index declines to 1.18 in July. • Production and income indicators led the gain. Sales, orders and inventories decline. The Federal Reserve Bank of Chicago's National Activity Index decreased to 1.18 in July from an [...]
- Global| Aug 20 2020
U.S. State Initial Claims Back Over 1 Million
• State initial jobless claims increased to 1.1 million in the week ending August 15, reversing most of the previous week's decline below 1 million. • Federal Pandemic Unemployment Assistance new filers increased to 542,797. • [...]
- Global| Aug 14 2020
U.S. Productivity Jumps in Q2 as Hours Fall More Than Output
• Productivity rose at a 7.3% annual rate in Q2; gains of this magnitude not uncommon during recessions. • Real output dropped at a 38.9% rate while hours collapsed 43.0%. • Revisions change pattern of growth, but on net small. [...]
- Global| Aug 13 2020
U.S. State Initial Claims Fall Below One Million; First Time Since March 14
• State initial jobless claims declined to 963,000 in the week ending August 8, the lowest level since March 14. • Federal Pandemic Unemployment Assistance new filers decreased to 488,622. • Continuing claims for state programs down [...]
- Global| Aug 11 2020
U.S. Small Businesses Optimism Backtracks in July
• NFIB Small Business Optimism Index declines to 98.8 in July after two monthly gains. • Expectations economy will improve drops 14 percentage points. • Fourth consecutive month of net price reductions. The National Federation of [...]
- Global| Aug 07 2020
Wholesale I/S Ratio Returns to More Typical Recessionary Levels in June
• Wholesale inventory-to-sales ratio falls to 1.38 in June. • Inventories declined 1.4% while sales jumped 8.8%. • Inventory swings can have a meaningful impact on GDP. However, while large, the Q2 inventory contribution was small [...]
- Global| Aug 05 2020
U.S. Trade Deficit Narrows in June as Exports Jump 2X Imports; Trade Still Well Below Pre-COVID Levels
• Trade Deficit declines to $50.7 billion in June. • Exports rebound 9.4%; Imports rise 4.7%. • Exports remain 25.3% below February level; imports down 15.2%. The U.S. trade deficit in goods and services narrowed to $50.7 billion in [...]
- Global| Jul 30 2020
U.S. State Initial Claims Rise for Second Consecutive Week
• State initial jobless claims increased to 1.434 million in the week ending July 25, the second consecutive weekly gain. • Federal Pandemic Unemployment Assistance new filers declined to 829,697. • Continuing claims for state [...]
- of31Go to 5 page