1.4 Million Jobs Added in August
Over 20 million jobs have been lost since the coronavirus pandemic began to impact the United States in early March. In March, a record 6.9 million people filed for unemployment…
Unemployment Claims Surpass 1 Million Once Again
COVID-19 Layoffs Newspaper Article For nearly every week since March, millions of Americans have filed for unemployment benefits as the economy continues to struggle with the effects of the coronavirus…
Falling Rents in US Cities
Rents in Manhattan have fallen sharply in the past month. The median rent fell by 7%, marking the first time rents in the New York borough have decreased in over…
Costs and Benefits of Solar Powered Cars
A new start-up company has developed an electric car that charges while you drive. The German company, Sono, largely funded development of the car through crowdsourcing. The vehicle is almost…
Aluminum Can Shortages Slow Beverage Production
Dr. Pepper took to social media to apologize to its loyal customers for the shortage that they are facing. Many customers are having a hard time finding the product in local stores.…
U.S. Economy Contracted By More than 32 Percent
From April to June 2020, the U.S. GDP plummeted at an annual rate of 32.9 percent, the worst drop on record. As businesses closed across the country due to the…
Nearly 73,000 Businesses Have Closed Permanently
According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that closed during the pandemic will remain shuttered permanently. Although government relief bought…
Thousands of U.S. Workers Participate in “Strike for Black Lives”
Yesterday, tens of thousands of workers across the U.S. walked off their jobs in support of the “Strike for Black Lives.” According to organizers, the strike was held to bring…
Microsoft Replaces Dozens of Employees With Artificial Intelligence
BBC reports, dozens of Microsoft employees (outsourced through a media firm) were informed their services were no longer needed. They are being replaced with artificial intelligence and software that can…
Investors Prepare for Stock Market Volatility
During the first six months of 2020, U.S. stock markets went through their biggest quarter-to-quarter swing in more than 80 years. March saw share prices plummet as businesses across the…