unemployment

June 8, 2020

Consumer Confidence is Shattered

Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
June 8, 2020

Economy Will Improve but Remain Distressed

Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment […]
May 19, 2020

Fed Warns of Widespread Business Failures

Federal Reserve officials warned the virus outbreak and a partial shutdown of the U.S. economy would result in a decline in the current quarter of historic […]
April 9, 2020

Shutdowns Have Wiped Out 29% of U.S. Economy

More than a quarter of the U.S. economy has ground to a halt in recent weeks as the coronavirus pandemic shutters nonessential businesses and generates millions of […]
April 6, 2020

Consumer Expectations Deteriorate in March

Americans increasingly were worried about losing their jobs and expected to curb their growth in spending in the wake of the coronavirus outbreak, a March survey […]
March 23, 2020

A Message to Our Clients

We hope this note finds you and your families safe and healthy during this time of turmoil and uncertainty.  Throughout the world, society is taking unprecedented measures […]
March 11, 2020

Consumer Lenders Fall Victim to Coronavirus Fears

It’s hard to believe that less than three weeks ago the S&P 500 closed at an all-time high.  This was largely due to the enduring strength […]
March 4, 2020

Average FICO Score Reaches All-Time High

The average U.S. FICO score hit a record high of 703 in 2019, driven by Americans in their 30s, as a strong labor market helped people […]
December 23, 2019

Auto Loan Rejections on the Rise

U.S. consumers might have their pick of employment in today’s robust job market, but that doesn’t mean everyone is getting financed for a car.  A Federal […]