Economy Tag

https://www.youtube.com/watch?v=STKX88eOwNg

Jobs are Returning: Unemployment at 13.3%, Payrolls Rose by 2.5 Million

Posted by Mary Chastain on June 05, 2020 31 Comments

That sound you hear is all the jaws dropping to the floor! The May jobs report came out much better than expected. Unemployment hit 13.3% while payrolls went up by 2.5 million. April's unemployment rate was 14.7%.

https://www.youtube.com/watch?v=t3GuOc6FSCo

Unemployment Claims Continue to Go Down as 1.9 Million Filed Last Week

Posted by Mary Chastain on June 04, 2020 10 Comments

About 1.9 million people filed for unemployment benefits last week, which is another sign the economy is picking up as businesses reopen.

https://www.youtube.com/watch?v=Dy9Qg_a2i-Q&t=79s

Another 2.1 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 28, 2020 5 Comments

The number has gone down, but another 2.1 million Americans filed unemployment claims last week. Over 40 million people have filed claims in the last ten weeks.

Democrats are Panicking at the Prospect of Quick Economic Recovery

Posted by Kemberlee Kaye on May 26, 2020 69 Comments

If you're hoping the economy stays in the crapper to help your electoral aspirations, you might be a Democrat.

Shutdowns Have Brought New York City to the Brink of Economic Catastrophe

Posted by Mike LaChance on May 25, 2020 47 Comments

Professor Jacobson recently wrote about Ghost Towns USA, with pictures showing quiet and empty streets in New York City, due to the Coronavirus lockdown. If this goes on much longer, the economic effect on the city will be disastrous. The cracks are already starting to show.

https://www.youtube.com/watch?v=IzNHBYwHi4k

Wuhan Coronavirus Lockdowns Continue to Decimate U.S. Healthcare System

Posted by Fuzzy Slippers on May 21, 2020 36 Comments

Last month, I wrote about how the cancellation of "elective" surgeries, cancer screenings, and other important and often life-saving healthcare services is impacting the U.S. healthcare system. The trend has continued downward since then, with more healthcare professionals losing their jobs, their practices, and their livelihoods. Additionally, the harmful impact on their now-former patients is, at this point, immeasurable.

Another 2.4 Million People Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 21, 2020 7 Comments

The Wuhan coronavirus pandemic continues its devastation on the American economy as 2.4 Americans filed unemployment claims last week. Fortunately, the number continues to decline after it hit its peak a few weeks ago. The Labor Department revised last week's number down by 294,000 due to a clerical error from Connecticut.

https://twitter.com/ABC/status/1261843152664776707https://twitter.com/CBSNews/status/1262377453273702403

Restaurant Openings Include Bumper Tables, Wearing Pool Noodles, Thermal Cameras, and Food Lockers

Posted by Mary Chastain on May 18, 2020 31 Comments

Restaurants across the world have begun to reopen since the Wuhan coronavirus has started to calm down. I've collected a few stories about restaurants going to extreme lengths to follow government restrictions, especially when it comes to social distancing. Would you wear a pool noodle on a straw hat? Would you eat at a bumper table?

https://twitter.com/stoolpresidente/status/1260721488241418240

Barstool Sports Founder: ‘When Did Flattening The Curve Turn Into Finding The Cure?’

Posted by Mike LaChance on May 15, 2020 56 Comments

When it comes to shutdowns, the goal posts keep getting moved and people are noticing. We were told we needed to quarantine to keep the healthcare system from collapsing, and we did that. So why are we still shut down? Dave Portnoy of Barstool Sports did an epic rant about this on Twitter which has picked up millions of views in a very short period of time.

https://www.youtube.com/watch?v=LVlx3oukCGs

Wuhan Virus Watch: Leaked Data Shows China May Have 640k Coronavirus Cases, Not 80k As Claimed

Posted by Mary Chastain on May 15, 2020 22 Comments

You mean to tell me that China's claim of having only 80,000 coronavirus cases is probably a lie? I am shocked:

A leaked database from a Chinese military-run university suggests the country may have at least 640,000 COVID-19 cases — a figure substantially higher than Beijing’s dubious claim that it has seen just 80,000 coronavirus infections.

Over 2.9 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 14, 2020 7 Comments

The Wuhan coronavirus shutdown continues to affect the economy as another 2.9 million Americans filed for unemployment claims last week. While the number continues to decrease, it means 35 million Americans have filed claims in the past two months.

https://www.youtube.com/watch?v=aOUzd7FmRJU

April Jobs Report: 14.7% Unemployment Rate, Payrolls Dropped by 20.5 Million

Posted by Mary Chastain on May 08, 2020 9 Comments

In a matter of a few months, the strong economy through President Donald Trump's administration plummeted to record levels due to the Wuhan coronavirus outbreak. The unemployment rate skyrocketed to 14.7% while payrolls dropped by 20.5 million.

Another 3.2 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 07, 2020 9 Comments

The Labor Department reported this morning that another 3.2 million Americans filed unemployment claims last week. On the plus side, the claims have dropped from its peak in March. That stat suggests layoffs might slow down.

Labor Dept: 3.8 Million Americans Filed New Unemployment Claims Last Week

Posted by Mary Chastain on April 30, 2020 1 Comment

The Labor Department reported that 3.8 million Americans filed new unemployment claims last week.

https://twitter.com/bennyjohnson/status/1247657257082462208

Wuhan Virus Watch: President Trump Orders Meat Processing Plants to Remain Open

Posted by Leslie Eastman on April 29, 2020 35 Comments

Today's update will start with some food-related items.

https://www.youtube.com/watch?v=TTlkX41zuhQ

Wuhan Virus Watch: Steven Mnuchin Says Economy Will Rebound Over the Summer

Posted by Leslie Eastman on April 27, 2020 26 Comments

Let's start this week's updates with some hopeful news. Treasury Secretary Steven Mnuchin believes the American economy will "bounce back" quickly from the coronavirus crisis over the summer.

Andrew Cuomo to Economic Protesters: ‘Get a Job as an Essential Worker’

Posted by Mike LaChance on April 23, 2020 33 Comments

New York Governor Andrew Cuomo was asked by a reporter on Wednesday about the people protesting to reopen the economy. To her credit, the journalist pressed Cuomo on the very real concerns of these people. His response was less than reassuring.

Another 4.4 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on April 23, 2020 7 Comments

The Labor Department revealed another 4.4 million Americans filed unemployment claims last week in the midst of the Wuhan coronavirus outbreak. Americans receiving unemployment benefits hit 16 million. The previous record was 12 million in 2010.

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Economy Tag

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