Why unemployment will rise, recession or not?
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.
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
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
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...
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