unemployment Archives - Rethinking the Dollar

Why Credit Crunch Matters? It’s the Economic Lifeblood

Apr 3, 2023 | Economy

Have you heard the phrase “credit crunch” a lot lately? Many people are worried because officials at the Federal Reserve aren’t sure if it will cause one and news outlets are warning about how it will affect the economy. But what exactly is a credit...

Why unemployment will rise, recession or not?

Jun 30, 2022 | Economic Collapse

The hottest employment market in a generation is cooling. With the crypto bubble bursting, IT businesses cutting down on hiring, and consumers spending less, experts expect the record low jobless rate will rise, recession or not. Last week, the Fed raised interest...

Lockdowns Haven’t Brought down Covid Mortality. But They Have Killed Millions of Jobs.

Nov 13, 2020 | Economic Collapse

During the early onset of covid-19 in the spring, government officials across the political spectrum widely agreed that government intervention and forced closure of many businesses was necessary to protect public health. This approach has clearly failed in the United...

Jobless Americans Face Debt Crunch Without More Stimulus As Debts Are Due

Nov 1, 2020 | Economic Collapse

A new phase of the economic crisis is looming for the winner of Tuesday’s presidential election: potentially massive defaults by jobless Americans on consumer loans as the chances for more federal relief this year diminish. Both President Donald Trump and Democrat Joe...

Without A Bailout, 74 Percent of U.S. Hotels Expect to Lay Off More Employees

Sep 22, 2020 | Economic Collapse

Seven months after the Covid-19 pandemic struck the United States, the hospitality industry is still reeling and the need for federal relief is growing dire. New research from the American Hotel and Lodging Association shows 68 percent of hotels have less than half of...