Another 1.5M Filed for Unemployment; Total Now 47.7M. Is Trump in Trouble?
The wreckage from the Chinese Virus pandemic and imprudent shutdown of the economy by panicked public officials is far from finished. And that...
Economics
Fed Plans to Buy Individual Corporate Bonds to “Support” Market
After the Fed announced it would expand its efforts to “support” the economy by...
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...
Another 2.1M Unemployment Claims Filed
On Thursday, the federal Department of Labor reported yet another unfathomable pile of claims, this...
Unemployment Claims Close to 40M After Another 2.4M File
The week ending May 16 added another 2.4 million to the unemployment rolls, a...
3M More File for Unemployment; Total Nears 37M
Unemployment claims declined for the week ending May 9, but the number of Americans...
While 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...
Frustrated 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...
Nearly 34M Unemployment Claims Filed Since March 1
Though new unemployment claims are dropping week-to-week, they still number in the millions and...
Jobless Claims Pass 30M, Almost 10 Percent of U.S. Population
The economy took another massive hit the week ending April 25: Another nearly four...
Coronavirus 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...
Mnuchin: 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...
Another 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...
Number 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...
Goldman 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...
Federal Reserve Lowers Funds Rate to Zero, Citing Coronavirus Impact
The Federal Reserve cited “the coronavirus outbreak,” which has “disrupted economic activity in many...
Oklahoma Enacts Price Controls After Trump’s National Emergency Declaration
Oklahoma may be a strongly “red” state, a state in which no Democrat has...
National Debt Is $122 Trillion, Not $23 Trillion, Says Non-profit Group
While the U.S. Treasury says the National Debt is officially $23.3 trillion, economists say...
Occupational Licensing Harms Poor, Doesn’t Help Consumers: Report
Occupational licensure does little to enhance consumer safety but much to prevent those at...
One Trillion Dollars Repatriated So Far, Reports Commerce Department
According to the U.S. Department of Commerce American companies have repatriated more than a trillion...