When Manish Patel, the owner of three California beer and burger joints got approved for a Payment Protection Plan loan from the federal government, he […]
Author: Suzannah Cavanaugh
April’s jobs report shows highest unemployment rate since the Great Depression
The unemployment rate hit 14.7% in April, the highest ever recorded, and a confirmation that COVID-19 has decimated the U.S. job market. Workers lost 20.5 […]
February’s durable goods report prophetizes manufacturing’s March fallout
February’s unexpectedly strong durable goods report masked weak business investment in manufacturing, a sign that an industry bracing for COVID-19 fallout already stands on unstable […]
Unemployment hangs PA restaurant workers out to dry
When Philadelphia’s restaurants and bars shuttered Monday afternoon in response to a city-wide ban on non-essential businesses, thousands of service workers learned they’d be laid […]
Bump in January orders of core capital goods masks threat of Coronavirus
New orders for core capital goods, a leading indicator of future economic growth, spiked in January, but the trend is unlikely to hold after Coronavirus […]