“I think it will be much more difficult to see these gains going forward given that unemployment benefits have expired,” said Gus Faucher, chief economist at the PNC Financial Services […]
Coronavirus to shave trillions from US economy over 10 years
WASHINGTON (NYTIMES) – The US Congressional Budget Office projected on Monday (June 1) that the coronavirus pandemic would inflict a serious long-term blow to the United States economy, taking 3 […]
US manufactured goods sales plunge 17.2% in April
WASHINGTON (AFP) – New orders for US manufactured goods cratered in April by 17.2 per cent as the Covid-19 pandemic shut down factories nationwide, the Commerce Department reported on Thursday […]
Opinion | Trump Is Hurting His Own Re-Election Chances
Don’t be fooled by snapshot polls. By David Leonhardt Opinion Columnist The strangest part of President Trump’s coronavirus response is that it’s almost certainly damaging his chances of re-election. I […]
Whatever it takes: How the Fed aims to rescue the US economy
NEW YORK (NYTIMES) – The Federal Reserve on Monday (March 23) pledged to do, in essence, whatever it takes to keep the US economy from collapsing under the weight of […]
US weekly jobless claims jump to 2½-year high on coronavirus layoffs
WASHINGTON (BLOOMBERG, REUTERS) – The number of Americans filing for unemployment benefits surged to a 2½-year high last week, as the coronavirus pandemic forced employers to start laying off workers. Initial […]