Reporter focusing on economic data Education: University of Oklahoma; University of Missouri Andrew Van Dam covers data and economics. He previously did similar work for the Wall Street Journal, and dissimilar work for the Boston Globe and the Idaho Press-Tribune.
Data released by the Commerce Department Thursday morning will offer just one more reminder of the pain felt earlier this year by millions of Americans and their businesses as the nation went into lockdown.
The Commerce Department reports GDP at an annual rate. It makes for easier comparisons in normal times, but greatly overstates the size of short, sharp drops like the one we experienced in the second quarter of 2020.
A jump in mortgage delinquencies was among the very first signs of the housing crisis and the Great Recession that followed. And new data shows this leading indicator is higher than it's been in decades.