pre-pandemic

US student test scores peaked in 2013 then crashed hard despite massive school screen push, 8th grade math and reading still below pre-pandemic levels

More screens haven't made students smarter byu/normaldudeitsfine inworldinsights “For years, schools were told that more screens meant more modern education: laptops, tablets, digital assignments, one device for every student. The test-score data now makes that story look much less clean. In the U.S., 8th-grade math and reading scores peaked around 2013, started falling before the …

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California lost all tech jobs gained in 2021/2022, now below pre-pandemic levels.

Over the same period, the US has gained tech jobs (albeit at a much slower rate), thus growth in non-California tech employment has outweighed all the losses within the Golden State But that means in most subsectors California's share of US tech jobs has now fallen dramatically pic.twitter.com/pZACFn1Rhu — Joey Politano 🏳️‍🌈 (@JosephPolitano) June 25, …

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Severe credit card delinquencies hit 10.7%, highest since 2012, surpassing pre-pandemic levels.

Credit card delinquencies have surpassed pre-pandemic levels and continue to rise. Severe credit card delinquencies, those 90 days overdue, have now climbed to 10.7% — the highest since 2012, per CNN. — unusual_whales (@unusual_whales) June 6, 2024 Credit card delinquencies have surged beyond pre-pandemic levels. According to the Federal Reserve Bank of New York, the …

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Eurozone Q4 growth flat, hesitant consumers, retail sales below pre-pandemic levels.

Cautious #ECB last week amid upside risks to inflation due to solid wage growth. More data is needed to confirm that inflation is sustainably converging to target. Encouragingly, compensation per employee eased in Q4 to 2.8% from 3.6% Y/Y in line with negotiated wages. pic.twitter.com/rLmagWxE3n — Sabrina Khanniche (@skhanniche) March 14, 2024 The Eurozone’s economic …

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Biden’s Wreck Of The US Economy! Mortgage Demand Fell To New 30-year Low In January, Down 54% From Pandemic Peak (Mortgage Demand Down 14% Over Last Year And 40% From Pre-Pandemic Levels)

by confoundedinterest17 Yikes! Bidenomics is a disaster! MBA mortgage purchase applications are down 54% from Pandemic Peak. I was going to play “The Wreck of the Edmund Fitzgerald” by Gordon Lightfoot and rename it “The Wreck of The US Economy.” Mortgage demand fell to a new 30-year low in January 2024, down 54% from the pandemic …

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JP Morgan: 99% of Americans will be worse off financially than pre-pandemic by mid 2024

JPMorgan said the vast majority of Americans have burned through excess savings. It’s likely that all but the top 1% of consumers will be worse off financially in mid-2024 than they were pre-pandemic, the bank said. BofA wrote this month that elder millennials face a particularly tough set of circumstances. The majority of Americans have …

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10Y YIELD HITS 4.62%! Interest rates on just about everything are going to shift significantly higher. Percentage of credit card and auto loan balances transitioning to serious delinquency have surpassed pre-pandemic levels.

The 10-year note yield is skyrocketing and now at 4.63%, its highest since June 2007. Since last week’s Fed meeting, the 10-year note yield is up 35 basis points. Since the last Fed rate hike in July, the 10-year note yield is up 60 basis points. Interest rates on just about… pic.twitter.com/7bsPQk30ma — The Kobeissi …

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‘Even if home prices fell 30% from current levels, affordability would STILL be worse than pre-pandemic’…. ‘The Fed WILL break this housing market’

1. Adjusting for inflation, home prices are up 118% since 1965, while median household income has increased by just 15%. (2/9) pic.twitter.com/NeogOIDjIu — The Kobeissi Letter (@KobeissiLetter) August 21, 2023 Worrying Sign Not Seen Since the Great Recession: Mortgage Rates Could Hit 8% Mortgage rates exceeding 7% are straining the U.S. housing market with potential …

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How Many Hours Are People Working Now vs the Pre-Pandemic?

via Mike Shedlock Employers are hiring like mad, but employees are working fewer hours in most job categories. Average weekly hours from the BLS, chart by Mish Weekly Hours Then and Now Manufacturing Production 41.5 Then, 40.6 Now Manufacturing 40.5 Then, 40.1 Now Construction 39.0 Then, 38.9 Now Total Private 34.4 Then, 34.3 Now Retail …

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