Economy Tag

June Jobs Report Blows Away Estimates: Added 4.8 Million Jobs, Jobless Rate Falls to 11.1%

Posted by Mary Chastain on July 02, 2020 17 Comments

The U.S. economy is picking up after the coronavirus pandemic! The June jobs report revealed the economy added 4.8 million jobs while the jobless rate fell to 11.1%

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Consumer Spending Increased at Record 8.2% Pace in May

Posted by Mary Chastain on June 26, 2020 5 Comments

More good news for the economy! Consumer spending increased at a record 8.2% pace in May as states begin to reopen.

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Unemployment Claims Drop Slightly: 1.48 Million Applied Last Week

Posted by Mary Chastain on June 25, 2020 6 Comments

Fox Business reported that 1.48 million Americans filed unemployment claims last week:

Another 1.48 million Americans filed for unemployment benefits last week, signaling a slow economic recovery from the coronavirus pandemic and related lockdown as layoffs remain historically high, even as many businesses have reopened.

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Financial Experts Warn Declining Enrollment Could be Disastrous for Many Colleges

Posted by Mike LaChance on June 18, 2020 13 Comments

"downside scenario assumes a slower economic recovery driven by prolonged or recurring coronavirus-related disruptions"...

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Another 1.5 Million Americans Filed Unemployment Claims

Posted by Mary Chastain on June 18, 2020 5 Comments

The Labor Department reported that another 1.5 million Americans filed unemployment claims last week. The same amount filed the week before.

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Retail Sales Hit Record 17.7% in May in Another Sign the Economy is Recovering

Posted by Mary Chastain on June 16, 2020 19 Comments

America saw a decline in unemployment claims and decent jobs report in May. The Commerce Department revealed another sign the economy is recovering from the Wuhan coronavirus pandemic. Retail sales hit a record of 17.7% in May.

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Truck Drivers Might Refuse to Deliver to Cities With Defunded Police

Posted by Mike LaChance on June 14, 2020 75 Comments

American truckers have been working overtime since the beginning of the pandemic to deliver needed goods all over the country, and they have done a great job. The left's new effort to 'defund the police' is making some truckers nervous, and who can blame them?

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Unemployment Claims Drop Again: 1.5 Million Americans Filed Last Week

Posted by Mary Chastain on June 11, 2020 3 Comments

The economy is slowly recovering after the Wuhan coronavirus pandemic since 1.5 Americans filed unemployment claims last week. The numbers have continuously gone down in 10 straight weeks.

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Paul Krugman Pushes Conspiracy Theory About New Jobs Numbers

Posted by Mike LaChance on June 06, 2020 52 Comments

New York Times columnist and Nobel award winning economist Paul Krugman is a well-known sufferer of Trump Derangement Syndrome. When it was revealed on Friday that the jobs numbers were much better than the doomsday media predicted, Krugman floated a conspiracy theory as an explanation.

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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%.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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