Economy Tag

Spending Went Down in November Despite Beginning of Holiday Shopping

Posted by Mary Chastain on December 16, 2020 16 Comments

Yikes. This is not good. November usually kicks off the period when businesses get back in the black (hence Black Friday). But new COVID-19 lockdowns put a damper on those hopes since spending fell by 1.1% in November.

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California businesses ignore COVID-restrictions in desperate move to survive

Posted by Leslie Eastman on December 13, 2020 22 Comments

In the wake of this week's newly imposed stay-at-home order, many California businesses say they won’t comply with this most recent spate of draconian restrictions.

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Unemployment Claims Hit 853,000 Last Week in the Wake of New Lockdowns

Posted by Mary Chastain on December 10, 2020 4 Comments

The U.S. unemployment claims last week went up by 137,000 from the previous week to 853,000. Continuing claims, which saw a decreasing pattern, increased by 230,000 to 5.76 million.

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Oregon Teacher Placed on Leave Following Unhinged Expletive Filled Rant Against Lockdown Protesters

Posted by Mike LaChance on December 09, 2020 61 Comments

A schoolteacher in Bend, Oregon, has been placed on paid leave after she berated lockdown protesters in a profanity-laced rant that was caught on camera. People on the left are having a curious reaction to people who object to continued, business-destroying lockdowns.

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Former Candidates, Strategists Push Democrats to Focus More on Economy Instead of Healthcare

Posted by Mary Chastain on December 07, 2020 12 Comments

The Democrats might have ousted President Donald Trump and kept the majority in the House, but no one can describe 2020 as a blue wave. Instead, it might be a sign of things to come if the Democrats do not change their focus.

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Unemployment Claims Fell by 75,000, But Economy Only Adds 245K Jobs in November

Posted by Mary Chastain on December 04, 2020 5 Comments

States and cities keep reporting new record-high COVID-19 cases, but hiring continues as unemployment claims fell last week by 75,000. Continuing claims fell by 569,000. However, November only added 245,000 jobs.

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Biden Treasury Pick Janet Yellen Promises to Use Department to Address Race, Gender and the ‘Climate Crisis’

Posted by Mike LaChance on December 02, 2020 38 Comments

Former Federal Reserve Chairwoman Janet Yellen is Joe Biden's pick to head the Treasury Department. During recent remarks, Yellen pledged to use the department to address many issues, including those of race, gender disparity,and the climate crisis. The Democratic party's approach to policy is now nearly indistinguishable from that of progressive activists on college campuses.

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Airlines Plan COVID-19 ‘Vaccination Passports’ for International Travel

Posted by Leslie Eastman on November 25, 2020 25 Comments

The COVID-19 lockdowns have hard hit the travel industry.

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Biden COVID-19 Advisor Suggests 4 to 6 Week Lockdown

Posted by Mary Chastain on November 12, 2020 74 Comments

You cannot say you weren't warned.

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Rahm Emmanuel To Unemployed Retail Workers: Learn To Code

Posted by Fuzzy Slippers on November 07, 2020 47 Comments

As the post-2020 election dust begins settling, for the Democrats anyway, former Obama stooge Rahm Emmanuel digs up and mercilessly flings at those Americans left behind by regressive, globalist policies insulting, condescending leftist advice.  He tells unemployed, and soon-to-be-unemployed under the Harris-Biden administration, retail workers that they need to #LearnToCode.

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October Jobs Report: Unemployment Down to 6.9%, Private Sector Employment Up Over 900,000

Posted by Mary Chastain on November 06, 2020 9 Comments

Unemployment went down to 6.9% in October while the economy added 638,000 jobs. Private sector employment rose over 900,000.

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GDP Grew at 33.1% Annualized Pace in 3Q, Beating Expectations

Posted by Mary Chastain on October 29, 2020 10 Comments

The gross domestic product (GDP) for the third quarter soared at a 33.1% annualized pace, beating all expectations after a sour second quarter.

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Joe Biden Debate Pledge To Transition Away From Fossil Fuels Could Cost Him Pennsylvania and Other Energy States

Posted by Mike LaChance on October 23, 2020 33 Comments

Saying the United States should transition away from fossil fuels is a popular idea on the left. It's not workable in real life, however. Millions of people depend on fossil fuels not only to heat and light their homes, but for their jobs. During the final debate last night, Joe Biden said the United States should transition away from the oil industry. This was red meat for his base and the Bernie Sanders wing of the party, but it won't play with millions of voters who live in the real world.

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New Report Indicates College Enrollment is on a Downward Trend

Posted by Mike LaChance on October 16, 2020 8 Comments

"The largest declines of all are in first-year students."...

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Final Jobs Report Before Election: Unemployment Below 8%, Job Growth Below Expectations

Posted by Mary Chastain on October 02, 2020 4 Comments

The September jobs report, the last one before the election, revealed the economy only added 661,000 jobs. However, the unemployment rate sits at 7.9%. The economy has also recovered 12 million jobs since the COVID-19 outbreak in mid-March, which saw around 22 million layoffs.

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Another 860,000 Filed Unemployment Claims Last Week, Continuing Claims Fell by 916,000

Posted by Mary Chastain on September 17, 2020 4 Comments

Another 860,000 Americans filed unemployment claims last week, keeping the trend under 900,000 steady for a few weeks. The number from the week before was revised up to 884,000, meaning claims dropped by 24,000.

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Joe Biden Now Running Against Trump by Copying Trump’s Policies

Posted by Mike LaChance on September 13, 2020 23 Comments

Have you been listening to Joe Biden's economic message lately? If you have, you may find that it sounds a bit familiar. It almost seems like Joe is going to say "Make America Great Again" any day now. They say imitation is the sincerest form of flattery, but in Biden's case, it just sounds like his latest attempt at plagiarism.

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Unemployment Rate Dropped to 8.4% in August, Economy Adds 1.4 Million Jobs

Posted by Mary Chastain on September 04, 2020 16 Comments

The Labor Department reported the economy added 1.4 million jobs in August and the unemployment rate dropped to 8.4%. This is a huge drop from July, which saw a 10.2% unemployment rate.

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