Main benefits of subscribing to EconUpdate:

By remaining current on economic trends, you’ll make better decisions for your businesses, clients and families.

Many of these trends are not covered by your local or national newspapers for three reasons:

(1) Job losses in America’s news rooms of close to 50 percent over the last decade due to creative destruction from the Internet;
(2) The Covid-19 pandemic has only accelerated the loss of journalism jobs; and
(3) There are simply too many indicator updates for the remaining news sources to cover.

As a consequence, most news sources tend to cover just a few major updates relating to GDP, stock market indices, employment and the housing market.

By subscribing to EconUpdate, you’ll be keeping current on up to 150 weekly, monthly and quarterly economic indicators, along with a brief narrative on what they mean.

So why is this so important?

Even before the global outbreak of the coronavirus impacting countries around the globe, these were still times of great economic uncertainty in a complicated world.

That is certainly even more true now, with the following factors having a large influence on business investment, employment trends, household incomes and consumer spending:

– High levels of debt held by governments, corporations and consumers
– An insecure safety net (made even more clear lately)
– Industrial automation
– Increasing costs from climate change (including more future pandemics)
– Confusing and increasingly politicized globalization rules
– New tariffs
– Rapidly evolving technologies

With 70 percent of the U.S. economy dependent on consumer spending (and up to 40 percent of that related to people gathering in crowds), regularly tracking things like employment, incomes, debt, consumer sentiment and spending is essential.

Think of these indicators as the ‘canaries in the coal mine’ to better prepare for your business, industry and family. By staying informed, you’ll stay competitive.