Rich people in the top economy maybe making money on Donald Trump.... The bottom economy is sufferings and NOT getting better.... The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a … [Read more...] about 898,000 seek jobless aid last week….
No surprise to some of us... The number of Americans filing for unemployment insurance unexpectedly rose last week, a sign of the job market’s fragility five months after the coronavirus pandemic began to devastate the economy. The economy remains challenging for many American … [Read more...] about Jobless claims are back up…..
A pleasant surprise.... One might expect that the number might climb up again as some states and local governments begin to start lay-offs due to shrinking tax revenues and some state reclosings... About 960,000 workers filed for unemployment insurance last week, which … [Read more...] about Jobless claims drop below 1 million first time in 4 months….
The last 17 weeks since the virus restrictions and close downs kicked in have had claims for unemployment benefits over one million.... Congress has been propping up things with a extra $600 a week for those getting relief ... Some Republicans wanted to stop the extra … [Read more...] about Jobless claims @ 1.3 Million people again last week….
As governor's lift virus restrictions.... People leave home and begin buying things not just on-line and not just water, toilet paper and paper towels.... But? A LOT of people aren't back to work.... And some are just getting laid off.... Sales are still off for … [Read more...] about Retail sales number up for May….But?
Could because the lay-off's have capped out.... And? Some people ARE going back to work?.... High end jobs ARE still being lost or have lay-offs... Low end jobs that cannot be automated probably will come back faster and stronger... After this virus crisis? The … [Read more...] about American Job losses are slowing…..
Masks and Social distancing will become the norm as the state moves to lift restrictions on going back to work.... The Governor acknowledges that there will be some virus flare ups with this move ... Ohio Gov. Mike DeWine (R) announced Thursday that the state economy … [Read more...] about Ohio Gov DeWine moves to open his state back up starting May 1…
It's NOT up to the Fed's.... It's up to the Governor's... Every state except 8 have social distancing and work restrictions.... New York and New Jersey which accounts for most of the countries cases has had their numbers level off and drop somewhat...But NOT a … [Read more...] about Trump & Co. want to let the people go back to work in 3 weeks…