WASHINGTON: During a blue sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped propel the world as additional cash from tax cuts and government spending poured through from national and global markets. But if it was US policy that propelled …
Read More »‘What will it give?’: Millions fret as Republicans threaten to stop weekly $ 600 bailout | Deal
If Donald Trump and the Senate Republicans get their way, about a week from now, the United States will swap an imagined economic problem for a predictably devastating one, economists warned. To keep people safe in their homes during the pandemic and support them during the resulting job crisis, Congress …
Read More »1.3 million more jobless claims as the US economy continues to falter | Deal
1.3 Millions more Americans applied for unemployment in the United States last week as the economy continues to falter from the effects of the Covid-19 pandemic. The number of new claims has decreased in the last 16 weeks, decreasing 10,000 last week compared to the previous week, although the number …
Read More »US employers retain 4.8 million workers as coronavirus threatens economic recovery | Deal
US employers took back another 4.8 million workers last month when the economic impact of the coronavirus pandemic seemed to lessen, marking the second consecutive month of job growth. But the latest figures predate new waves of infections that threaten a fragile recovery. The United States Department of Labor announced …
Read More »The US economy contracted at an annualized rate of 5 percent in the first quarter
The US economy contracted at an annualized rate of 5 5 percent in the first quarter of 2020 when the coronavirus pandemic triggered an unprecedented economic collapse, according to data released by the Commerce Department on Thursday. The gross domestic product (GDP) of EE. USA It fell at an annualized …
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