Environmental, Social & Governance Briefs

Commentary on June U.S. Bureau of Labor Statistics Employment Situation Report by Frank Steemers, Senior Economist, The Conference Board

May income, spending and inflation data reveal an economy that is shifting back to pre-pandemic patterns as the threat of COVID-19 abates. Following the distribution of government stimulus checks in March US personal income dipped for a second month in May.

Fed officials accelerated expectations of rate hikes amid robust, albeit heavily policy supported, GDP growth and a strengthening labor market.

Three new reports suggest that labor shortages are becoming more extreme, having material implications for labor market recovery and short-term inflation prospects.

Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report by Frank Steemers, Senior Economist, The Conference Board

April income, spending and inflation data reveal an economy that is on the mend, but not yet fully recovered.

Despite still-elevated unemployment rates, and 8.2 million persons waiting to be added to payrolls, labor shortages are back. As large segments of the economy continue to open at the same time, and labor supply is constrained, these shortages are likely to remain for the better part of 2021.

The number of jobs in in-person services is still well below prepandemic levels, but the recovery is underway

This report from the field reveals how Suzano's and Ecofuturo Institute's long-term commitment to socioenvironmental responsibility in Brazil’s Atlantic Forest is paying off.

US Real Gross Domestic Product grew by 6.4 percent (annualized) during the first quarter of 2021, slightly below the consensus forecast and above The Conference Board’s forecast of 5.0 percent.