Last week, I posted updates to the America’s Scariest Charts series on the U.S. labor markets (see here). Two commonly over-looked and under-reported labor markets statistics worth covering in any analysis of economic conditions in the country are:

  • The labor force participation rate, and
  • The employment to population ratio.

Both have been shockingly impacted by the COVID19 crisis, and both are experiencing only partial recovery to-date.

As the chart above illustrates:

  • U.S. Labor Force Participation rate stood at 61.8 at the end of August 2020, a slight deterioration on July 2020 (62.0), but above the COVID19 trough of 60.0 in April 2020. Current level is below 2020 average of 61.9, which is itself the lowest decade average since the 1970s. Excluding COVID19 period, latest reading for the participation rate is the absolute lowest since May 1977.
  • U.S. Employment to Population ratio has fallen to its all-time lows in April 2020, and has recovered since. At the end of August is stood at 56.5 percent, up on 51.3 percent pandemic period low, and in-line with the 2020 average to-date. Before the start of the pandemic, the ratio stood at 60.9 and the previous decade average was 59.3. In historical comparatives terms, the latest reading for this indicator is the lowest (excluding the pandemic period lows) since early 1983.

In terms of both indicators, current conditions in the U.S. labor markets are worse than those encountered at the worst points of any recession since 1983, including the depths of the Global Financial Crisis. And this assessment comes after 3 months of the ongoing ‘recovery’.

Original Post

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.

Company to present at Canaccord Genuity’s 2020 Virtual Cannabis Conference on September 30, 2020

OAKLAND, CA and TORONTO, Sept. 29, 2020 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), (OTCQX: HSDEF), a California-focused, vertically integrated cannabis enterprise, today announced Peter Bilodeau, Chairman and Interim CEO, and Tom DiGiovanni, CFO are scheduled to participate in Canaccord Genuity’s 2020 Virtual Cannabis Symposium on September 30, 2020. Mr. Bilodeau is scheduled to present at 11:30 a.m. ET. Management will also host one-on-one meetings with investors throughout the day.

Harborside logo (CNW Group/Harborside Inc.)
Harborside logo (CNW Group/Harborside Inc.)

For the latest news, activities, and media coverage, please visit the Harborside corporate website at http://www.investharborside.com or connect with us on LinkedInFacebook, and Twitter.

About Harborside:
Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California’s only cannabis drive-thru window, a dispensary in Oregon and a cultivation/production facility in Salinas, California. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers. Co-founded by Steve DeAngelo and dress wedding in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States and today holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is currently a publicly listed company on the CSE trading under the ticker symbol “HBOR”. Additional information regarding Harborside is available under Harborside’s SEDAR profile at www.sedar.com.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than