Trump’s efforts to bypass congress with a list of executive orders over the weekend will do little to help the economy, according to economic experts. A temporary extension of unemployment benefits, deferment of payroll taxes, MORE
The U.S. economy added 1.8 million jobs during the month of July, sending the unemployment rate down for the third straight month — a drop that fell in line with economist predictions and pointed to the MORE
Another epic fail courtesy of Donald J. Trump: The U.S. is projected to see the worst reversal of fortune this year in a ranking of global economic misery, underscoring just how much havoc the pandemic MORE
The government reported on Thursday that nearly 1.2 million workers filed new claims for state unemployment benefits last week. It was the lowest weekly total since March, but signaled the continuing damage that the pandemic is inflicting MORE
The economy could rebound robustly if the virus were brought under control, says Neel Kashkari, president of the Minneapolis Federal Reserve Bank. “If we don’t do that and we just have this raging virus spreading throughout MORE
Gross domestic product from April to June plunged 32.9%, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been looking for a drop of 34.7%. Still, MORE
According to Federal Reserve Chairman Jerome Powell, social distancing and other measures to slow the spread of the coronavirus are crucial to the economic recovery from the pandemic. “The path of the economy is going MORE
The number of Americans who filed for unemployment benefits rose more than expected last week as the coronavirus pandemic continues to batter the U.S. economy. The Labor Department said Thursday initial jobless claims increased by MORE
Trump’s latest bigly idea is a really bad one. He wants to eliminate or reduce the Social Security/Medicare payroll tax, which would provide relief for those who still have jobs. The current official unemployment rate MORE
***The filings do include the recent decision by a few governors and mayors to shutter their communities again to help curb the spread of the deadly Coronavirus. Those totals will appear next week. First-time applications MORE
The next, and possibly final, massive federal stimulus bill may send another $1,200 check to most Americans and give cash-strapped states like Connecticut more money – although that infusion likely won’t be as much as MORE
President Donald Trump came to the White House briefing room Thursday morning to tout new employment numbers showing that 4.8 million jobs were added in June, calling it “spectacular news.” “Today’s announcement proves that our MORE
***The job’s report came out before larger states started “reversing course and imposing restrictions again.” These are not new jobs as in ‘job creation.’ The numbers reflect people who have returned to their job. The MORE
Weekly jobless claims totaled 1.48 million last week, worse than the 1.35 million Wall Street estimate. Continuing claims fell by 767,000 to 19.52 million. California accounted for the biggest surge as claims remained above 1 MORE
Mortgage Meltdown 2.0 CNBC: As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing payments in June, according to a survey by Apartment List, an online MORE
First-time claims for unemployment insurance totaled 1.5 million last week, well above the 1.3 million expected. Workers receiving benefits under all programs including pandemic assistance totaled 29.1 million, a decrease of more than 375,000. This MORE
File this ‘awesome’ news under the category, #WINNING: Stocks fell sharply on Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening MORE
Granted, the number of initial unemployment claims continue to decrease each week, but we have over 44 million Americans unemployed. Another 1.5 million Americans filed for first-time unemployment benefits last week on a seasonally adjusted MORE
“The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of U.S. business cycles. The committee has determined that a peak in monthly economic activity MORE
On Friday the Bureau of Labor Statistics reported 2.5 million jobs were added in May, following by a rousing stock market, and a gloating President. Unfortunately, after delving into the footnotes of the numbers, it MORE
Dow Futures were up 650 points on a jobs report that came in much better than anyone expected, at 13.3% for the month of May. The estimates were much higher, at 19.5%, and economists had MORE
Weekly jobless claims totaled 1.877 million last week vs. the Dow Jones estimate of 1.775 million. Continuing claims rose sharply, hitting nearly 21.5 million in a sign that workers are being called back to work MORE
First-time jobless claims totaled 2.1 million last week, slightly ahead of the 2.05 million Wall Street estimate. Continuing claims plunged by nearly 4 million to just over 21 million, probably a clearer representation of the MORE
The trading floor of the New York Stock Exchange Tuesday for the first time in two months, but its controlled chaos will be more subdued. The floor, known worldwide for the anarchic atmosphere of traders MORE
“At a time in our nation’s history when we need a very strong labor department and a very strong OSHA inside the labor department, it’s basically dead,” says Robert Reich. He would know about the MORE