Blog
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‘We’ve Had It’: Trump Signs 4 Executive Orders
Seizing the power of his podium and his pen, President Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed, the AP reports. At... Go to Source Author:
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Jobs Recovery Cools as Virus Cases Increase
The jobs recovery is continuing, just not as fast as in previous months. Employers added 1.8 million jobs in July, which in normal times would be a staggering number. But as the AP notes, it's down from 4.8 million in June and 2.7 million in May and... Go to Source Author: John Johnson
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Take Your Guess on Average Age of US Car
The average age of vehicles on US roads has been climbing since the 2008 recession. With new-vehicle sales suppressed by the pandemic, that trend is not slowing, Car and Driver reports. The average age of a car in use now is 11.9 years, IHS Markit found, a one-month increase... Go to Source Author: Bob Cronin
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Senate Fails to Extend Unemployment Benefits That Expire Friday
With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the economy afloat during the COVID-19 pandemic, but Democrats rejected it, saying President Trump’s team failed to grasp the severity of the crisis. Democratic leaders panned the... Go to Source Author:
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Jobless Claims End a 4-Month Streak
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy, per the AP . The rise in weekly jobless claims to 1.4 million underscores the outsize... Go to Source Author:
