Blog
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Sweden ‘Literally Gained Nothing’ With COVID Approach
Much has been made about Sweden's rejection of a lockdown and the high death rate that ensued. Per Reuters , the country had logged 5,447 deaths as of Tuesday, out of a population of 10 million—meaning its death rate is well above that of the US and its Nordic... Go to Source Author: Kate Seamons
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Hiring Is Stronger Than Expected in June
US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring, per the AP . The nation has now... Go to Source Author:
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Jobless Claims Continue an 11-Week Streak
About 1.5 million laid-off workers applied for US unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work. The Labor Department's largest figure marked the 11th straight weekly decline in applications since they peaked at nearly 7... Go to Source Author:
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With Jobless Numbers, ‘Recovery Appears to Be Underway’
America has started its economic recovery process, reopening businesses in phases across the nation, and the labor market numbers are beginning to reflect that. Per a Thursday release from the Department of Labor, the number of people drawing unemployment benefits for the week ending May 30 fell to 20.9... Go to Source Author: Jenn Gidman
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Biden Rips Trump for Calling It a ‘Great Day’ for George Floyd
Invoking the name of a black man killed by white police officers, who's become a symbol of police brutality and racial injustice, in celebrating an economic report didn't go over well with Joe Biden. President Trump had cited George Floyd earlier in the day Friday at the White House, saying... Go to Source Author: Bob Cronin
