People line up outside the Kentucky Career Center before it opens to find assistance with their unemployment claims in Frankfort, Kentucky, USA, June 18, 2020. Bryan Woolston | Reuters The number of Americans applying for unemployment benefits for the first time increased more than expected last week as the coronavirus …
Read More »Jobs increase by 4.8 million, unemployment rate by 11.1%
Nonfarm payrolls increased by 4.8 million in June and the unemployment rate fell to 11.1% as the United States continued to reopen the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had expected an increase of 2.9 million and an unemployment rate of 12.4%. The report …
Read More »Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus
Federal Reserve Chairman Jerome Powell holds a press conference after the two-day meeting of the Federal Reserve Open Market Committee in Washington on July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain about the outlook for the economy, particularly in light of continued …
Read More »Pending home sales hit a record 44.3% in May
Pending sale real estate agent sign Daniel Acker | Bloomberg | fake pictures According to the National Association of Realtors, pending home sales increased a staggering 44.3% in May compared to April. That’s the biggest jump in a month in the survey’s history, dating back to 2001. It exceeded expectations …
Read More »Coronavirus cases worldwide exceed 10 million, almost half a million deaths
A man in a PPE mask passes a mural on the side of a building in downtown New York on June 26, 2020. Timothy A. Clary | AFP | fake pictures The number of confirmed coronavirus cases worldwide exceeded 10 million on Sunday, with the United States leading the way, …
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