unemployment Archives - Rethinking the Dollar

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...

Apocalypse On Broadway: Study Finds 78% Increase In Vacant Storefronts

Sep 9, 2020 | Economic Collapse

If the rising taxes and complete loss of law and order in the midst of a global pandemic wasn’t enough to drive you out of New York City, perhaps complete apocalypse on the city’s iconic Broadway will do it. A stunning new report shows that more than 300...