Gregory Daco, Chief US Economist at Oxford Economics joins Deirdre Bolton from ABC World News Tonight to discuss the expiration of enhanced unemployment benefits in 4 states.
Over 300,000 out-of-work Americans are losing their weekly $300 unemployment benefits, with benefits also slated to drop for as many as 4 million across 25 states total in the coming weeks.
Watch and listen to the video interview below:
You may be interested in
LandAid’s 10K Challenge
Yesterday, members of Oxford Economics joined LandAid’s 10k run in Regents Park London to raise awareness and funds for young people experiencing homelessness.Find Out More
Anchors away – RBA change course and raise rates
The RBA has opted to raise the cash rate target to 0.35%. For some time, the RBA identified faster wage growth as its trigger for raising rates. Official data sources have provided no new information on this front over the past month. But the board has put their faith in information from the RBA business liaison program that wage growth is picking up.Find Out More
Introducing our new US Real Estate Economics Service
The new US Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in the US. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.Find Out More