Time to Curb Inflation Following the Phillips Curve?
Photo by Nattanan23 on Pixabay.com According to the Bureau of Labor Statistics, the all items Consumer Price Index rose 7.5% for the 12 months ending January 2022 – the largest…
To work or not to work?
According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of October 2021, the unemployment rate has…
Airlines Prepare for Travelers to Return This Summer
Last year, the onset of the pandemic devastated air travel as lockdown orders kept planes on the ground all over the world. After numerous airlines nearly collapsed as a result,…
Americans Filed 719,000 New Jobless Claims Last Week
Starting in March 2020, new unemployment claims in the U.S. seemed to reach record levels every week as businesses closed all over due to the pandemic. And while that number…
How to Practice Social Distancing While Helping the Economy
When the lockdown first began, we quickly learned how interdependent our world is today. People who work every day helping those around them suddenly had their jobs grounded to a halt.…
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…
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…
U.S. Billionaires Have Made $584 Billion During the Pandemic
According to experts, the coronavirus pandemic has deepened economic inequality and expanded the racial wealth gap across the U.S. While the unemployment rate for white workers sits at 12.4 percent,…
1.5 Million People Applied for Unemployment Last Week
Tens of millions of Americans have filed for unemployment during the coronavirus pandemic. This historically high number increased by another 1.5 million last week as many people continue to struggle…