Economy Tag

Unemployment Claims Hit 6.6 Million Last Week Due to Wuhan Coronavirus Pandemic

Posted by Mary Chastain on April 09, 2020 11 Comments

The Labor Department reported that 6.6 million Americans filed for unemployment between March 28 and April 4.

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Colleges and Universities Already Panicking About Finances Over Shutdowns

Posted by Mike LaChance on April 08, 2020 57 Comments

We're just weeks into the Coronavirus crisis, but many colleges and universities are already facing financial meltdown. Tucker Carlson recently predicted some schools would not survive this, and he was right.

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Record Setting 6.6 Million Applied for Unemployment Last Week

Posted by Mary Chastain on April 02, 2020 7 Comments

The Labor Department revealed that a record 6.6 million Americans applied for unemployment last week. Over 3.3 million applied the previous week. In two weeks in March, almost 10 million filed for unemployment benefits.

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Wuhan Virus Watch: France and Italy approve use of chloroquine for patients with extreme coronavirus

Posted by Leslie Eastman on March 29, 2020 28 Comments

While the American press pushes smears regarding President Donald Trump's discussions of the malarial drug chloroquine as a potential treatment for the Wuhan coronavirus, the French and Italian governments have approved its use.

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Coronavirus’ Other Toll: 3.2 Million Americans Filed for Unemployment Last Week

Posted by Kemberlee Kaye on March 26, 2020 15 Comments

Thursday morning the Department of Labor released their report outlining weekly unemployment claims. For the week ending March 21, unemployment claims skyrocketed, topping 3.2 million nationally, a direct result of the national economic shutdown meant to slow the spread of Coronavirus.

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“There is not enough federal bailout money in the Treasury to save every pointless university in a bad recession”

Posted by Mike LaChance on March 22, 2020 27 Comments

As I pointed out in a recent Quick Take, people are already wondering if the Coronavirus crsis will burst the higher education bubble. Tucker Carlson addressed this issue in a monologue on his show this week which was right to the point.

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Former Democrat Campaign Staffers Struggle to Find Work During Coronavirus Crisis

Posted by Mike LaChance on March 20, 2020 41 Comments

In a case of unfortunate timing, many of the Democrats running for president ended their campaigns just before the Coronavirus crisis hit. Now many of the former campaign staffers are looking for jobs as life has come to a standstill.

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February Jobs Report: 273,000 Jobs Added, Unemployment at 3.5% Despite Coronavirus Fears

Posted by Mary Chastain on March 06, 2020 6 Comments

The Labor Department reported that employers added 273,000 jobs despite coronavirus fears. Many economists feared that employers would hesitate before hiring people. Unemployment also went down a bit, 3.5% from 3.6%

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Tom Steyer: Trump’s Economy Is Not That Great, No Matter That Numerous Polls Say Otherwise

Posted by Stacey Matthews on February 18, 2020 37 Comments

President Trump's resiliency in the face of being impeached and amid the constant barrage of attacks against him since day one has been a source of immense frustration for Democrats in 2020, especially in the aftermath of his unapologetic State of the Union address and his acquittal after the Senate's impeachment trial.

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December Existing-Home Sales Rose 3.6% to End 2019 on High Note

Posted by Mary Chastain on January 26, 2020 2 Comments

The National Association of Realtors revealed that existing-home sales rose 3.6% in December 2019 from November to end the year on a high note after a slowish start.

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To Democrats’ Dismay, Christmas season brings YUGE economic wins for Trump

Posted by Leslie Eastman on December 25, 2019 14 Comments

Santa appears to be delivering some good economic news this Christmas season for President Donald Trump, as his economic policies seem to have created a flurry of both spending and earning.

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Large Minimum Wage Hike Strikes Again, Killing Restaurant Jobs in California and Washington State

Posted by Mike LaChance on December 18, 2019 21 Comments

While America is enjoying record low unemployment, some areas are actually experiencing the loss of jobs. In certain cities where progressive activists and politicians have forced increases in the minimum wage, restaurants who can't keep up are closing and taking jobs with them.

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November Jobs Report: 266,000 Jobs Added, Unemployment at 3.5%

Posted by Mary Chastain on December 06, 2019 30 Comments

The November jobs report revealed the economy added 266,000 jobs. Unemployment hit 3.5%, which matches a 50-year low.

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Shocking: Target Raised Wages to $15, Cut Employee Hours

Posted by Mary Chastain on October 15, 2019 25 Comments

How do I economy? A business needs to make a profit in order to stay in business and provide goods for customers. I also think people do not realize the size of Target, which means a lot of people making $15 an hour. Reality runs deeper than Target's size, though. You have to take into consideration the continuous changes happening in the retail sector.

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Report Suggests Higher Education is Shrinking as an Industry

Posted by Mike LaChance on October 15, 2019 3 Comments

"attributable to a mix of economic and political forces"...

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College Closures Damage the Towns They Leave Behind

Posted by Mike LaChance on September 30, 2019 6 Comments

“The town came alive every time the students came back, and you can feel the difference”...

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Wall Street Democrats Warn They’ll Sit Out 2020 Presidential Election or Support Trump if Warren is Nominee

Posted by Mike LaChance on September 27, 2019 22 Comments

Some Democrats who work on Wall Street said they will sit out the 2020 election if the Democrats nominate Sen. Elizabeth Warren (D-MA). They even threatened to help reelect Donald Trump if the person who "created much of the intellectual foundation" of Occupy Wall Street is the party's standard bearer.

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U.S. Economy Only Adds 130,000 Jobs in August

Posted by Mary Chastain on September 06, 2019 32 Comments

Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month. To make matters worse, a lot of those jobs were temporary jobs for the 2020 census. But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this week showed consumer spending continues to climb.

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