The economic picture painted by a double dose of economic statistics released Thursday reveals a US economy struggling to escape the grip of the coronavirus. Record drop in real output. The Commerce Department’s Bureau of Economic Analysis reported that U.S.…
The Labor Department released new data today on initial unemployment claims by laid-off workers. For the week ending July 18, new claims increased 109,000 to 1.4 million, reversing the downward trend from the peak of 6.9 million in late March. Continuing claims for the week…
The Labor Department released new data today on initial unemployment claims by laid-off workers. For the week ending July 11, new claims dropped 10,000 to 1.3 million, extending the downward trend from the peak of 6.9 million in late March. Continuing…
After collapsing by 22 million in March and April, 4.8 million workers returned to work in June, according to today’s Employment Situation Report published by the Bureau of Labor Statistics - significantly more than the 3-4 million consensus prediction among surveyed…