Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – July 7 2020
The U.S. Economy Regained 4.8 Million Jobs in June… The unemployment rate dropped from 13.3% to 11.1%. What it means— Bill Cosby claimed his grandmother had the best answer to the question of ...
Week In Review – May 4 2020
3.84 Million Americans File Initial Jobless Claims… The additional jobless claims bring the six-week total to 30 million. What it means—The estimate was for 3.5 million claims. There was a ...
Week In Review – April 6 2020
The U.S. Lost 701,000 Jobs in March, Unemployment Up to 4.4%… After two weeks of unemployment claims that topped 10 million, the unemployment rate started to reflect the effects of the economic ...
Week In Review – January 6 2020
Phase One of Trade Deal to Be Signed January 15… President Trump announced he and the Chinese Vice Premier would sign the first phase in the reduction of the trade war on January 15 at the White ...