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Analysis of evolving market themes.

U.S. labor market — 55 is the new 65

Following broad-based recovery in the labor market when the economy initially reopened in 2020, the labor force participation rate has stagnated and started to diverge.

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State financial health adds to muni appeal

State financial health has improved as tax receipts rebound and states receive sizable federal aid.

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Economic Update for July 26, 2021

Economy

  • Housing starts jumped 6.3% in June compared with May, the Census Bureau stated.
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Temporary Mail Service Disruptions to Certain Countries Due to the COVID-19 Pandemic

Pursuant to the Security and Exchange Commission's Staff Statement Regarding Temporary International Mail Service Suspensions to Certain Jurisdictions Related to the COVID-19 Pandemic, Putnam Investments will be delaying mailings to affected shareholders. For a copy of the SEC's statement, click here.

As of May 14, 2021, the United States Postal Service is unable to deliver mail to the following countries or territories: Azerbaijan, Brunei, Cuba, French Guinea, Guadeloupe, Liberia, Panama, Republic of the Congo, Reunion (Bourbon), Saint Pierre and Miqueolon, Samoa, Sierra Leone, South Sudan, Tajikistan, Timor-Leste, Turkmenistan, Turks and Caicos, and Yemen. For a current list in international mail service suspensions, click here.

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