Work opportunities and investment have recovered to pre-pandemic amounts, in accordance to Victoria’s Annual Fiscal Report, revealing a resilient economic system and fast recovery from […]
Tag: economy
A four-day work week might be exactly what the U.S. — and its economy — needs right now
Workers who clock in just four days a week report being happier and more productive, and small businesses say it gives them an edge in […]
February’s job report paints a rosy picture of the economy — that is way out of date
February’s robust jobs report showed an economy that seemed to be picking up steam — but more recent data pointing to an imminent slowdown continues […]
IMF slashes forecast for the global economy, warns of soaring debt levels and unemployment
The International Monetary Fund slashed its economic forecasts once again on Wednesday and warned that public finances will deteriorate significantly as governments attempt to combat […]
Unemployment rate falls to 13.3 percent as economy gains surprise 2.5 million jobs despite coronavirus
The U.S. economy gained 2.5 million jobs in May and the unemployment rate dropped to 13.3 percent. That’s down from 14.7 percent in April, according […]
Latino college graduates worry about their futures in a pandemic economy
Alexis Aviles, 22, had it all planned out. The recent University of Richmond graduate was going to move to Chicago and pursue a job with […]
Jobless claims top 30 million as coronavirus continues to devastate economy
Around 3.8 million more workers filed for first-time employment benefits last week, bringing the national jobless total to a staggering 30 million — or around […]
Will oil’s price slump be worse for the economy than the effects of the coronavirus?
The prospect of cheaper gas at a time when most Americans are holed up at home is not much of a silver lining to the […]
First hit, first opened? Seattle eyes reopening economy
Seattle was the country’s first coronavirus hot spot, and soon it could be one of the first big cities to reopen its economy. When and […]
Coronavirus hits China’s economy harder than anything since 1970s
BEIJING — China suffered its worst economic contraction since at least the 1970s in the first quarter as it fought the coronavirus, and weak consumer […]
Multiple CEOs on Trump’s new council say they were not aware of plan to reopen economy
Less than 24 hours after having consulted with some of the leading corporate executives in America, President Donald Trump surprised many of them with his […]
Markets tick up as investors balance mounting jobless claims and talk of reopening the economy
The Dow Jones Industrial Average ticked upwards by a handful of points on Thursday morning, as investors weighed the new jobless claims total of 22 […]
Coronavirus economy could burst America’s big-city rent bubble
The gridlocked coronavirus economy could upend housing from coast to coast, bursting national apartment rents that have risen by 150 percent over the last decade, […]
‘We all want to avoid a false start,’ Fed Chair Powell says on reopening the economy
Federal Reserve Chairman Jerome Powell expressed caution about reopening the economy too soon, saying “we all want to avoid a false start” in a speech […]
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
The Federal Reserve on Thursday released long-awaited details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the […]