Based on new jobless claims, the US’ economy doesn’t appear to be ‘roaring back.’ American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless benefits. MORE
“The issue is momentum, and I think we’re losing it,” said Drew Matus, chief market strategist for MetLife. “When you go through a significant disruption to the labor market, it takes time to fix itself. MORE
Welcome to Voltage Valley! “We’ve been working on this very long and very hard,” Trump said on the White House South Lawn, where he examined the vehicle with Ohio Republican Sen. Rob Portman, Dayton Republican MORE
The number of Americans filing for unemployment benefits increased last week as the US economic recovery trudged onward without fresh stimulus. New US weekly jobless claims totaled an unadjusted 870,000 for the week that ended MORE
Several national and international issues have been identified for today’s plunge in the Dow Jones Industrial Average, which fell more than 800 points since the opening bell. Investors fear more COVID-19 related deaths and business MORE
Joe Biden’s economic proposals would create a faster growing economy, higher wages for American workers and reduce the debt compared to where the U.S. is headed under President Donald Trump, according to new analysis from MORE
Join News Views for a Live Discussion on Drooling Treasury Secretary Steve Mnuchin’s testimony before the House subcommittee investigating the federal response to the coronavirus pandemic amid an impasse over a new stimulus package to address the MORE
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 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
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
White House officials and Senate Republicans are finalizing a bill that would offer $1,200 checks to many Americans and that would not renew the full unemployment insurance enhancement as part of a proposal for the next MORE
Steve Mnuchin and most of the GOP obviously do not like the $600 bump in unemployment relief Congress passed in the last Coronavirus relief package that is set to expire next week. When asked about 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
“There is no second wave coming. It’s just hot spots. They send in CDC teams, we’ve got the testing procedures, we’ve got the diagnostics, we’ve got the PPE. And so I really think it’s a 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
“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
After months of deserted public spaces and empty roads, Americans have returned to the streets. But they have come not for a joyous reopening to celebrate the country’s victory over the coronavirus. Instead, tens of MORE
George Floyd is dead but that didn’t stop the Orange Buffoon, Moron, Idiot and Racist in Chief from invoking his name in his off the rails speech about May’s bigly job numbers. “Hopefully, George is 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
First-time filings for unemployment insurance totaled 2.44 million last week, about in line with economist estimates. That brings the total filings during the coronavirus pandemic to 38.6 million. However, the total has fallen for seven MORE
As opposed to a one time, $1200 stimulus check, Senators Kamala Harris, (D-Calif.), Bernie Sanders (I-Vt.) and Ed Markley (D-Mass) have introduced the Monthly Economic Crisis Support Act, which will provide a monthly $2,000 coronavirus MORE
The US economy lost 20.5 million jobs in April, the Bureau of Labor Statistics said Friday — by far the most sudden and largest decline since the government began tracking the data in 1939. Those losses follow MORE