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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
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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
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
“President Trump is handing Biden an economy in shambles, still down nearly 10,000,000 jobs from its pre-pandemic peak and struggling to avoid a double-dip recession,” Moody’s Analytics Chief Economist Mark Zandi wrote in a research note earlier this week.
For more than two years, culminating in a pandemic and a recession, Richard Sharum photographed Dallas families who are experiencing homelessness—the moments of great pain and frustration and, through it all, the moments of levity.
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
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Our economy is now in a recession, stemming from a public health crisis with no end in sight. We need bold policies if we’re going to get through this crisis. That’s why I’m proposing $2,000 monthly payments for the duration of the pandemic.
2020 - Trump acquitted - US-Iran tensions - Coronavirus pandemic - Market crash, global recession - Olympics postponed - Black Lives Matter rallies - Trump tests positive for COVID - Armenia-Azerbaijan war - Biden wins US election - Covid vaccines
UK has officially fallen into recession for first time in 11 years due to the impact of the coronavirus pandemic
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.
BREAKING: Trump admin. asks U.S. Supreme Court to strike down Obamacare amid pandemic, recession.
Sad. Imagine thinking about TV ratings right now. Imagine thinking those ratings indicate an interest in you, rather than concern about a global pandemic and the deep recession it has caused. 16,000 dead, 450,000 infected, 16.5 million unemployed.
Unless the Fed and the US Government commit to prop up state budgets at pre-pandemic levels, we’re going to see a wave of crushing austerity that will insure this is a brutal, multi-year recession.
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