The Latest News about the economy

Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

Airline triples the schedule size compared to June 2020Scheduled to only fly 40% of August 2019 levelsExtends change fee waiver for new bookings through July 31 United Airlines today announced it is tripling the size of its August schedule compared to its June 2020 schedule, adding nearly 25,000 domestic and international flights compared to July 2020, and plans to fly 40% of its ...

Democratic House Speaker Nancy Pelosi unveiled a 538-page climate plan Tuesday that is designed to eliminate the U.S. economy’s contributions to global warming. The plan seeks to address climate change through a combination of government mandates, tax incentives and revamped infrastructure, according to the Washington Post. The proposal comes as lawmakers and citizens respond to a pandemic that has killed ...

It looks like the presidential campaigns are about to expand. President Donald Trump is holding rallies, while presumed Democratic candidate Joe Biden is emerging to return to more active campaigning. A good part of the campaigns will focus on the economy. The differences in the platforms are great. Which will lead to economic prosperity? Economic prosperity fueled by high growth ...

LISTEN TO THE PODCAST In the beginning, back when the Framers were first debating the ground rules for the great American experiment, they concluded that a free media was important to society in that it would serve as a balance; an oversight body to government. It was believed then that should the government set itself to executing nefarious or unconstitutional ...

McDonald’s plans to hire more than a quarter of a million people over the course of the summer as economic lockdowns continue to slow down, the company announced Thursday. The restaurant chain will add 260,000 employees as it reopens dining rooms after shutting down amid lockdowns designed to slow the spread of the coronavirus, or COVID-19, according to the president ...

Retail sales rebounded in May as states eased coronavirus-induced lockdown measures, allowing retail stores to regain more ground than analysts expected, according to Department of Commerce data. Retail sales jumped 17.7% in May, effectively doubling expectations and marking the biggest single-month gains in data a going back more than 20 years, according to a Commerce Department report released Tuesday. A ...

February marked the end of a record period of growth in the U.S. as the coronavirus rapidly spread, the National Bureau of Economic Research said in a statement Monday. Large decreases in both domestic production and employment as a result of the hundreds of thousands of business closures across the nation to reduce the spread of COVID-19 led the NBER ...

The U.S. economy gained 2.5 million jobs in May, while the unemployment declined to 13.5%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 2.5 million in May, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.1 million to 21.0 million. May’s unemployment rate declined by 1.4 ...

President Donald Trump holds a news conference Friday to update the nation on the amazing recovery the American economy is undergoing. Instead of the 20-plus percent dire unemployment rate that economists predicted we’d see in May, the rate decreased. The economy isn’t experiencing a v-shaped recovery – it’s taking off like a rocketship. pic.twitter.com/MpWGPExQ3E— Donald J. Trump (@realDonaldTrump) June 5, ...

LISTEN TO THE PODCAST “Facebook announced Thursday that it will start warning users if they have liked, reacted or commented on harmful Covid-19 posts that the company has found to be misinformation and removed. The feature will roll out in the coming weeks… “‘These messages will connect people to COVID-19 myths debunked by the World Health Organization including ones we’ve ...

Every facet of life today seems to be all about the Coronavirus. I for one am tired of it – and I think America is too. Read the news, it’s all about COVID-19.  Shop on Amazon, front and center is information about their response to the Coronavirus, oh, and don’t forget to donate to COVID-19 efforts – one of those ...

Three of the largest oil companies in the United States are feeling the pain amid historically low crude prices, economic lockdowns, and a pandemic that has killed tens of thousands of Americans. Big oil is taking a big hit, but smaller oil companies might bear the brunt as the industry grinds to a halt. ConocoPhillips and Phillips 66 are the ...

Energy analysts say oil markets will continue their upheaval until lockdowns abate and demand picks up, meaning the U.S. could continue to lose millions of barrels of oil a day through spring.  President Donald Trump, meanwhile, says the United States will top off the Strategic Petroleum Reserve, allowing the government to buy as much as 75 million barrels of oil ...

Roughly 2 million homeowners in the United States have chosen to skip their monthly mortgage payment as the coronavirus pandemic takes a heavy economic toll on the country. As more Americans are losing their job, being furloughed, or experiencing reduced income, a growing number of home loans are being left unpaid. The latest data from the Mortgage Bankers Association shows ...