The unemployment rate in July was 10.5%, an improvement from each of the two prior months. However, the figure is still above the worst single month of The Great Recession–October 2009. According to the…
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.
The Fed's August Beige Book offers anecdotal reports indicating continued uncertainty about U.S. economic growth even while the economy shows progress.
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.
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.
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.
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.