Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million — or some 28 percent of the nation’s workforce. For the week ending June 6, seasonally adjusted initial unemployment claims were 1.5 million. However,...
A top American Express executive sees trouble on the horizon for the economy as the effects of the COVID-19 recession continue to devastate. Chief Financial Officer Jeff Campbell reportedly said: “The question is: Where does the economy go over the next six to 12 months?”...
June 29, 2020
The U.S. Department of Labor (DOL) said the nation’s unemployment rate was 13.3 percent in May, but a closer look shows that the number is actually more than three times as large. CNBC reports that nearly half of the population is jobless. The employment-population ratio, the number of employed people as a percentage of the […]
June 11, 2020
Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million — or some 28 percent of...
June 03, 2020
A top American Express executive sees trouble on the horizon for the economy as the effects of the COVID-19 recession continue to devastate. Chief Financial Officer Jeff Campbell reportedly said:...
