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From the blog: expanded unemployment insurance is clearly cushioning the blow to income from layoffs better than in 2008-09, but nowhere near enough to fully offset losses. Something to keep in mind as the debate over extending the expanded benefits picks up in the weeks ahead

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Personal income report out. Confirms that about half of wage decline in Apriloffset by higher unemployment benefits; almost surely more than that this month. But expanded UI ends July 31

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Economists recommend buying a new TV every year, to help offset rising prices in other areas

The 10.5% m/m jump in personal income in April came "as an 8% drop in wages & salaries was more than offset by an 89.6% m/m jump in transfers from the government." - @CapEconUS 

India’s cash rich IT services companies are eyeing captive technology centres of global corporations, as they gear up to provide IT and back-office services at lower costs and offset a demand slowdown from the US and European markets

This chart,on US personal spending,also required a re-calibration of the y-axis--first to accommodate March's 6.9% drop and now for April's 13.6% fall Also of note re today's data Slight rise in consumer sentiment, but short of expectations Fall in wages offset by relief payments

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Food vendors offer fair fare this week at Extraco Center to offset COVID-19 losses

Consumers saved much of what they received from the government in April. Wages and salaries fell sharply but that was offset by a $2.9t (annual rate) rise in gov't transfers (the $1,200 check, and enhanced unemp. benefits.) Spending fell $1.9t, leading to a 33% savings rate.

Healthcare providers could offset the decline in patient volume amid the pandemic if they persuade more to try telehealth

Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.


Most relevant

Trump is seeking to kick millions of families and children off food assistance. Meanwhile, he's preparing to send another $14 billion to big agribusinesses to offset the damage from his trade war. His values are clear: Welfare for corporations. Hunger for American families.

6. For companies accepting assistance, 1/3 of board members must be chosen by workers 7. Provisions on official time for union collective bargaining 8. Full offset of airline emissions by 2025 9. Greenhouse gas statistics for individual flights

The giant cruise companies incorporate overseas to dodge US taxes, flag vessels overseas to avoid US taxes and laws, and pollute without offset. Why should we bail them out?

Cardi B last night ? "I get upset off/ I turn Offset on/ I told him the other day/ Yeah, we’re going to get a divorce"

Looks like Cardi B and Offset are splitting up

The mothers of YG, 2 Chainz, and Offset show them how it’s done on the set of their ‘Proud’ music video.

“Harley Davidson has struggled with Tariffs with the EU, currently paying 31%. They’ve had to move production overseas to try and offset some of that Tariff that they’ve been hit with which will rise to 66% in June of 2021.” So unfair to U.S. We will Reciprocate!

Better view of Offset's proposal to Cardi B ?

Offset disrupting Cardi's performance is like your ex running up on. you at your job in the middle of a meeting. This is not acceptable or cute. Or romantic. It's creepy and unstable.

Just a game of knockout with Myles Turner, Quavo, Offset and Chance the Rapper ? [NSFW] (via @Migos )

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