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An alarming number of Americans are having trouble making rent payments amid a period of high unemployment and an unfolding depression across the U.S.
18 months ago, Nextbigfuture looked at the World and the rest of the life of a middle aged person.
Jobs unexpectedly soared this month and the unemployment rate took a big dip. But the BLS admitted another error.
This week brought the first net decline in active forbearance plans since the crisis began. But mortgage payments declines as well.
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
First-time jobless claims totaled 2.1 million last week, slightly ahead of the 2.05 million Wall Street estimate.
Update (11:40 ET): Boeing CEO Dave Calhoun has just released an update on this week's layoffs. He said involuntary layoffs have begun, a total of 6,770 US workers will be cut this week, adding that work reduction programs have already gone into effec
Amtrak warned Monday it needs a $1.475 billion bailout from the federal government to maintain "minimum service levels," anticipating passenger volumes will be depressed through 2021, reported The Washington Post.
As tens of millions of jobs disappeared over the last few months, many found themselves for the first time depending on government unemployment benefits, which right now are the only thing keeping the consumer - the lifeblood of the American economy
The Worst Unemployment Spike In U.S. History – 1 Out Of Every 4 Workers Has Filed For Unemployment Benefits In 2020
We all need to get back to work or there will be no normal American life to return to.
Should our future permit an occupation so frivolous, historians years from now will make a big mistake if they blame the nauseating plummet of global GDP in 2020 directly on a novel coronavirus.
Can anyone explain how we are going to motivate unemployed workers to go back to work when most of them can actually make more money camped on their sofas watching Netflix?
The UK's Prince Charles has called on students and furloughed workers to pick fruit and vegetables to plug shortages in the labor market caused by the coronavirus pandemic.
Summary: Texas Gov says state ready to begin "Phase 2" of reopening Gov releases plan for businesses, bars & restaurants to reopen in parts of northern Mich. UK reports fewer than 200 deaths Britain adds "anosmia" to list of off
And why we may see more of this in the wake of COVID-19
With the BLS's JOLTs, or job openings and labor turnover, survey coming in with an extra month delay, we already knew that the March data would be dismal...
UK clothing company uses 100% non-white models.
Yes, they are…..gone. We are referring, of course, to all of the jobs created not only since the Great Recession bottom, but during the entire 21st century to date!
"At some point, America's short-term Crisis psychology will catch up to the long-term post-Unraveling fundamentals. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluatio
The Bureau of Labor Standards reports an error in its calculation of 7.5 million unemployed Americans, with a "corrected estimate" of 27.7% unemployment.
Home are priced for perfection and few can afford them. I expect prices to decline.
Throughout the long sordid history of socialism, socialists have decried the supposed conflict of interest between employers and employees. Employers exist just to exploit the workers, socialists claim.
It's time to empower struggling Americans by giving them the chance -- and more importantly the freedom -- to get back to work.
For those who may have lost their jobs during the lockdown, it appears a whole new sector of jobs is opening up across the country.
San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression
On Thursday we noted that April orders for class 8 heavy trucks fell a staggering 73% year over year, and 44% from March - the worst order numbers on record as coronavirus shutdowns have put the trucking industry on the cusp of a "freight cliff" acco
US
Following a 1576.9% YoY surge in job cuts, according to Challenger, Gray, and Christmas...
And he also gives six reasons why.
