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The Latest News about the economy

The economy ebbs and flows, but whether it’s strengthening or weakening, we report on how it affects you.

May Retail Sales Jumped 17.7%, Double The Forecast As States Came Out Of A Lockdown-Induced Hibernation

economy going up

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 ...

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May Jobs Report: 2.5 Million Jobs Gained, Unemployment Falls To 13.5%

economy going up

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 ...

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Watch: Trump Delivers a Speech on the Economic Recovery – 6/5/20

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, ...

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Facebook, Their Bully Narrative, and COVID-19

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 ...

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The MSM, Social Networks, & the Democrats Can’t Seem to get Enough of the Coronavirus – But I Have Had Enough

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 ...

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Three Of The Four Largest US Oil And Gas Producers Are Facing Multimillion- And Multibillion-Dollar Losses

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 ...

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Analysts Explain How Restarting The Economy Can Help Prevent Big Oil’s ‘Destruction,’ Save Energy Jobs

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 ...

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2 Million Americans Missing Mortgage Payments As Coronavirus Shutdown Takes Its Toll

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 ...

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The Coronavirus Stimulus Bill Is Intended To Save Small Business – But Will It Work?

Bring Small Business Back

President Donald Trump on Friday signed a relief package for Americans financially hurting under the coronavirus lockdown, including a stimulus package for small business owners.  The $2.2 trillion bill makes available $10 million for each small business, including $1 million that would be made immediately available.  These funds will go from the treasury to a cadre of local banks affiliated ...

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Do Democrats & Globalists Love the COVID-19 Virus?

Most people are now aware and alarmed about the significant damages COVID-19 has had on not only medical care but also personal lives, businesses, communities, and America’s economy. It’s been a devastating two-pronged attack on America and the world. Through no fault of their own, trillions of dollars have been lost by good, decent, and hard-working people – not including ...

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Hospitality Union Says Up To 90% Of Its Workers Will Lose Their Jobs

A labor union that represents 300,000 hospitality workers said Wednesday it expects upwards of 90% of its members could soon be out of a job due to coronavirus. The Unite Here labor union represents people that work in hotels, airports and casinos, industries that have been decimated by massive drops in demand due to the outbreak, HuffPost reported. Unite here ...

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Trump: US Economy ‘May Be’ Headed For Recession

President Donald Trump on Monday said the United States “may be” headed for a recession as the economy slows to a crawl amid the coronavirus epidemic. “Is the U.S. economy heading into a recession?” a reporter asked Trump at a coronavirus task force briefing at the White House. “Well, it may be,” Trump said, adding: “We’re not thinking in terms ...

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Trump Effect: Despite Coronavirus Fear-mongering, 273,000 Jobs Added, Unemployment At 3.5%

Donald Trump success

The U.S. economy added 273,000 jobs in February, while the unemployment rate was almost unchanged at 3.5%, according to Department of Labor data released Friday. There were 273,000 jobs added in February, according to the Bureau of Labor Statistics report — about 48,000 more jobs than were added in January. February’s unemployment rate dipped slightly to 3.5% from January’s 3.6%, ...

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College Students Just LOVE Medicaid for All – Then Someone Tells Them the Truth

“Ah the joy of free stuff – who doesn’t love free stuff right?  College kids thought that free healthcare was great; then someone said that they had to pay for it.” The Democrats have long touted Medicaid for All, or in other words, a single-payer healthcare system as “the” solution to rising healthcare costs.  Many of the current Democratic presidential ...

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