Employers Have Cut 1,963,458 Jobs Through August, Triple 2019 Annual Total
Announced job cuts for the first eight months of this year surpass 2019's 12-month total for last year. Roughly 1.1 million of the cuts are related to the COVID-19 pandemic.
Economy
All Economy Articles
Newest first · Page 99
These 7 Cities Had Unemployment Rates Under 5% Last Month
A handful of cities in Utah and Idaho have employment rates less than what is considered full employment.
These Are the States Where Clinton Won the Popular Vote in 2016
Though Donald Trump won the most electoral votes in 2016, Hillary Clinton won the popular vote nationwide by almost 3 million votes.
August Beige Book Details Slowing US Growth
The Fed's August Beige Book offers anecdotal reports indicating continued uncertainty about U.S. economic growth even while the economy shows progress.
Did ADP Just Accidentally Trash the Employment Recovery?
The financial markets just got a small glimpse of what to expect from Friday's key U.S. Department of Labor report on unemployment and payrolls.
Manufacturing Levels Continued to Improve in August
The economy may have fallen into an instant and deep recession in 2020, but economic activity is continuing to come back to life in a major way.
Why These Countries Will Not Have Clean Air Again
The air quality index has been so high for so long that in some nations, it is unlikely to get better. Rather, it almost certainly will worsen.
US Drivers Returning to the Road More Quickly in Red States
Since the COVID-19 pandemic hit the United States in March, miles traveled on U.S. roads and highways have fallen sharply. Driving has picked up more quickly in bed states than in blue ones.
The Layoff Economy Returns
Weekly jobless claims remain high, a sign the companies are cutting workers even as the headlines tout recovery. The layoff economy has returned with a vengeance.
August US Consumer Sentiment Adds 5th Month to String of Lows
The University of Michigan survey of consumer sentiment rose month over month in August but remains sharply lower than a year ago.
After New Zealand, Global Stock Exchanges Face Reminder of Cyberattack Risks
The risks of cyberattacks on stock exchanges, banking systems and global financial systems are not new. If targets are lucky, they are only targeted for cyber theft.
Return of the Zombie Foreclosure: Taking Over Homes Where No One Lives
So-called zombie foreclosures were part of the mortgage landscape in the Great Recession, and new research shows that they are back.
US GDP Forecast Little-Changed as Fed Adopts New Policy on Interest Rates
The second estimate of second-quarter U.S. GDP was only slightly better than the first estimate, but a new statement on interest rates from Fed Chair Jay Powell is keeping investors' spirits up.
Will Fed Chairman Jerome Powell Bring Talk of Stagflation to the Economy?
In the midst of the worst recession of a lifetime, the Federal Reserve has built up a balance sheet of roughly $7 trillion. This has been paid for by trillions of dollars that were…
Big Drop in Consumer Confidence Makes S&P 500 All-Time High Hard to Justify
The Conference Board has released some disappointing data regarding the confidence of American consumers.