Around 3 million more workers filed for unemployment benefits for the first time last week, down slightly from 3.8 million the previous week. More than 33 million Americans have now filed for initial jobless claims since the coronavirus pandemic ripped through the economy, according to data released Thursday by the Department of Labor. Continuing claims, […]
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record to an abrupt halt. Gross domestic product, which measures the output of goods and services, sank by 4.8...
Around 5 million more people filed first-time unemployment claims last week as the coronavirus pandemic continues to devastate the job market in every sector of the economy. The staggering weekly number comes as President Donald Trump weighs plans to pull back on the...
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