Maybe? 1.9 million people filed for unemployment benefits last month bringing to total number to over 40 million since the virus restrictions kicked in and closed the country's economy down... Experts thing there is 30 million people actually receiving the money from their … [Read more...] about Jobless claims slow for May…Economy Bottomed out?…Open Thread for June 4th, 2020
US Economy
41 million have lost jobs since virus hit…Jobless application’s slow to 2.1 million last week…
While more people are going back to work everyday? More are also being laid off.... The extra $600 a week in unemployment benefits will run out in July if Congress does not extend it...So far Republicans do NOT want an another few months of it... THAT will be felt in the … [Read more...] about 41 million have lost jobs since virus hit…Jobless application’s slow to 2.1 million last week…
American Retail sales drop almost 20%…..
A whole LOT of America stayed home.... (A lot are still close to home) For six weeks people only brought food and paper goods mostly.... Retail stores where closed and most only operated on line.... Small business , which the IS most of the American economy, closed … [Read more...] about American Retail sales drop almost 20%…..
US jobless at 20.5 million…Unemployment at 14.7% of the population….
The affect of the virus on the America workforce is the worst since the 1930's Great Depression.... The virus has hit America harder and longer then any other county so far... It is gonna take a while for jobs to come back and some of those jobs are not coming back as … [Read more...] about US jobless at 20.5 million…Unemployment at 14.7% of the population….
U.S. retail sales drop 8.7% in March…The country drops into a Recession…
People where at home... People where laid off and lost their jobs... Businesses closed... Lot's of people lost their pay checks... The America economy is in a tailspin... And some feel could shrink by up to 40% depending on how long virus restrictions are in effect … [Read more...] about U.S. retail sales drop 8.7% in March…The country drops into a Recession…
Stock Market end’s March 2020 down 410 points…Lowest in 1st Qtr Ever…
So much for the rally yesterday.... The American economy IS taking a dive from a virus and false hopes from an American President.... Throwing money as some companies isn't enough right now... People are losing their jobs and pay checks ... The Dow closed down … [Read more...] about Stock Market end’s March 2020 down 410 points…Lowest in 1st Qtr Ever…
Could America have 32% jobless rate in the near future?
Some at the Federal Reserve think so.... Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment … [Read more...] about Could America have 32% jobless rate in the near future?
House and Senate lawmakers think a deal is possible on stimulus bill tonight…There will be more….
House and Senate leaders have been working to finish up the Phase III Congressional stimulus/bailout bill all day, hinting that an agreement is hours away.... In addition? House Speaker Pelosi has reported that there will be more legislation coming to try pull the countries … [Read more...] about House and Senate lawmakers think a deal is possible on stimulus bill tonight…There will be more….