“Worst quarter ever.” It sounds like a bit of hyperbole, but that’s an accurate description of the quarter that started in March and ended in June as COVID-19 was raging. Figures out Thursday from the Bureau of Economic Analysis showed that the U.S. economy contracted by...
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying that the unemployment rate could fall as low as 7 percent by the end of 2020, according to CNBC. The unemployment rate is...
Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who still have jobs face cuts to their hours or pay rates. New data from the U.S. Bureau of Labor Statistics...
January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Employers added 225,000 jobs, according to statistics from the U.S. Department of Labor released Friday (Feb. 7). The unemployment rate went from 3.5...
July 02, 2020
Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who still have jobs face cuts to their hours or pay rates. New data from the U.S. Bureau of Labor Statistics indicate that while the official jobless rate was 13.3 percent […]
July 09, 2020
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying that the unemployment rate could fall as low as 7 percent by the end of 2020, according to CNBC. The unemployment rate is currently at 11.1 percent, a post-World War II high for […]
February 07, 2020
January saw gains in U.S. employment as more people joined the labor market, according to a report by The Wall Street Journal. Employers added 225,000 jobs, according to statistics from...
August 06, 2018
While economists had predicted that hiring would slow this year, U.S. employers have been expanding their payrolls, adding an average of 215,000 jobs per month through July. By comparison, employers...
June 08, 2018
Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of 2018. Overall, household wealth in...
