Labor Dept: 1.8M Filed for Unemployment Benefits Last Week. Total Since March 1: 43M
Another week, another bad report from the Labor Department. The number of those filing unemployment claims is steadily dropping, but remained close to...
Economics
Another 2.1M Unemployment Claims Filed
On Thursday, the federal Department of Labor reported yet another unfathomable pile of claims, this one from the week ending May 23: 2.123 million...
Read moreUnemployment Claims Close to 40M After Another 2.4M File
The week ending May 16 added another 2.4 million to the unemployment rolls, a decrease from the previous week but one that raised...
Read more3M More File for Unemployment; Total Nears 37M
Unemployment claims declined for the week ending May 9, but the number of Americans now jobless thanks to the coronavirus lockdowns has continued...
Read moreWhile Money Is “Free,” Pelosi and Schumer Want to Spend More
House and Senate Democrats are proposing to spend even more money they don’t have in another round of stimulus payments. ...
Read moreFrustrated Tesla Founder Elon Musk Threatens to Move Out of California
Elon Musk is likely taking a page out of Trump's workbook, pressuring county officials to reconsider their decision to keep his plant closed. ...
Read moreNearly 34M Unemployment Claims Filed Since March 1
Though new unemployment claims are dropping week-to-week, they still number in the millions and continue to show the devastating blow from the Chinese...
Read moreJobless Claims Pass 30M, Almost 10 Percent of U.S. Population
The economy took another massive hit the week ending April 25: Another nearly four million Americans filed for unemployment. ...
Read moreCoronavirus Impacts Food Production; Lockdowns Reduce Demand for Milk, Produce
Some people worry our nation’s food supply chain is starting to break, with meat-packing plants closing and farmers plowing under crops that there...
Read moreMnuchin: Spending Trillions of Dollars on Coronavirus Relief Will Cause Economy to “Bounce Back”
Treasury Secretary Steven Mnuchin said that the “trillions of dollars” the government is spending on coronavirus relief packages will cause the economy to...
Read moreAnother 4.4 Million File for Unemployment, Total Since March 1 Nearing 27M
The grim news on the American job market kept coming this morning with the U.S. Labor Department’s announcement that another 4.42 million Americans...
Read moreNumber of Unemployed Jumps 25 Percent to 7M; Rate Now 4.4 Percent
The Bureau of Labor Statistics has announced another of the grim societal sequelae of the Chinese Virus: The number of unemployed Americans jumped...
Read moreGoldman Sachs Predicts 24% GDP Drop; It’s Not All Bad News
Though Goldman Sachs is predicting a GDP drop of close to 25 percent, when all is said and done, and the virus has...
Read moreFederal Reserve Lowers Funds Rate to Zero, Citing Coronavirus Impact
The Federal Reserve cited “the coronavirus outbreak,” which has “disrupted economic activity in many countries” as its reason for lowering the federal funds...
Read moreOklahoma Enacts Price Controls After Trump’s National Emergency Declaration
Oklahoma may be a strongly “red” state, a state in which no Democrat has carried an Oklahoma county in a presidential election in...
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