by Troy S. Mason | Jun 25, 2020 | Business News
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 the fallout from the coronavirus crisis. The IMF now estimates a contraction of 4.9 percent in global GDP (gross domestic product) in 2020, lower than the 3 percent drop it […]
by Troy S. Mason | Jun 5, 2020 | Business News
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 to the monthly employment report released Friday by the Bureau of Labor Statistics. The surprising data comes amid the...
by Troy S. Mason | May 27, 2020 | Business News
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 a nonprofit. Then the coronavirus pandemic hit. Quarantined with her family in her native New Orleans, Aviles, a first-generation...
by Troy S. Mason | May 1, 2020 | Business News
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 18 percent of the workforce. Continuing claims, or the number of people receiving ongoing benefits, hit 18...
by Troy S. Mason | Apr 22, 2020 | Business News
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 coronavirus pandemic. Energy analysts say there is little upside to the unprecedented plunge in oil prices that sent crude oil futures spiraling into...
