The report met the expectations of economists, and was a slight decline from the previous week, but the report was still somewhat of a disappointment. So far, we have seen only one week – at the beginning of August – with less than a million claims since March, when the …
Read More »Another 1 million jobseekers face unemployment benefits as coronavirus pandemic continues to hit economy
People wear their face masks waiting in line for an emergency food distribution at 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The number of Americans who first filed for …
Read More »Global stocks jump as Trump signals ‘plan for game changer’ to deliver a COVID-19 fax before the election
Chip Somodevilla / Getty Global shares rose on Monday after US authorities signaled the possibility of a potential coronavirus vaccine ahead of the November presidential election. President Trump’s administration is said to be considering the rapid follow-up to an experimental COVID-19 vaccine from the UK ahead of the upcoming elections. …
Read More »Global stocks jump as Trump signals ‘plan for game changer’ to deliver a COVID-19 fax before the election
Chip Somodevilla / Getty Global shares rose on Monday after US authorities signaled the possibility of a potential coronavirus vaccine ahead of the November presidential election. President Trump’s administration is said to be considering the rapid follow-up to an experimental COVID-19 vaccine from the UK ahead of the upcoming elections. …
Read More »Economists see a chance of a double-dip recession, according to a survey
People stand outside a Kentucky Career Center hoping to find help with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters There is a one in four chance that the economy could fall into a double recession, according to a majority of economists surveyed by the …
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