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The economy has contracted for two consecutive quarters, which many consider a technical recession, but the employment numbers to date suggest otherwise. Chief Economist Gerald Cohen provided an update on the jobs figures and the overall economic picture, in addition to taking audience questions following the Bureau of Labor Statistics release of its monthly jobs report on Aug. 5.
"GDP, the broadest measure of economic output, contracted for the second straight quarter, stoking fears that the economy is already in a recession — and has been since the beginning of the year," writes chief economist Gerald Cohen. "But the guts of the GDP report coupled with continued strong job growth and decent consumer spending suggest that the expansion remains on track." Learn more in our latest commentary.
Apple has joined Amazon and Starbucks in the news recently as another large, successful U.S. company that has seen unionization efforts make inroads among a small portion of its workforce. Could this nascent movement help workers earn a larger share of the profits they are helping to generate? And what else might unions want to achieve after years of declining membership? We dig deeper into the data in this week’s Kenan Commentary.