About 900,000 workers filed for unemployment benefits last week Jobless claims remain above the pre-pandemic peak of 695,000 and are higher than in any previous recession for records tracing back to 1967
Fueled by the markets’ quick recovery from the worst of the pandemic-induced recession, Goldman Sachs generated $44.56 billion in annual revenue, the most since 2009
“More must be done” in providing economic aid to American families during the pandemic, Janet Yellen said at her confirmation hearing. “Without further action we risk a longer and more painful recession now, and longer-term scarring of the economy later.”
The massive macro-financial shock caused by the COVID-19 pandemic has precipitated an unprecedented global recession and put the financial sector under strain. via @WorldBank
Our country is facing a number of crises: a global pandemic, a recession, systemic racism, and the climate crisis. @JoeBiden and I are ready to roll up our sleeves and get to work now.
I have covered 7 Presidents. I have never seen a POTUS use the Rose Garden or any White House platform to launch a political attack against his opponent for reelection, a campaign rally barely disguised as a faux news conference. All during a pandemic and a recession
This is stunning: Nearly half of the Q1 decline in GDP can be attributed to healthcare, which is presumably delaying of elective procedures. It's a strange reality that in the midst of a pandemic, we have a healthcare-led recession.