U.S. employers shed 20.5 million jobs in April, the worst monthly loss in history, underscoring how intensely the coronavirus crisis disemboweled the U.S. economy and […]
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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 […]
Five Things to Watch For In Friday’s ISM Report
April 29, 2020 The Institute for Supply Management’s Report on Business releases details on the U.S. manufacturing sector on Friday. Economists estimate that the report […]
From Business as Usual to Unprecedented Circumstances: Five Things to Watch for in March’s Income Report
The Bureau of Economic Analysis will release its March personal income and spending report tomorrow, where both income and spending are expected to plummet. This […]
Factors to consider in the Case-Shiller Home Price Index for February
The S&P CoreLogic Case-Shiller home price indexes for February to be released tomorrow will show where the housing market was standing before cities locked down […]
Social Distancing Leads to Loss for the Wedding Industry
“All my weddings have been canceled because the venues had to close due to orders from the state as non-essential businesses, and so I returned […]
Five Things to Watch in the March Retail Sales Report
The Commerce Department releases its headline retail sales report on Wednesday. Economists expect the data from March to show significant drops across most categories as […]
FIVE THINGS TO WATCH FOR IN MARCH’S CPI NUMBERS
Every month, the Bureau of Labor Statistics releases a consumer price index report detailing the monthly rise and fall in prices across the United States. […]
Construction Workers Face Uncertainties As The Industry Struggles to Remain Active During The COVID-19 Pandemic
Rolo, a 31-year-old construction worker, found out it was his last day at work on Friday, March 27th. New York State had mandated that most […]
As Coronavirus Spreads Globally, Some Manufacturers Thrive While Others Dive
SirCom, based in Temecula, California, needs parts out of Germany and China to manufacture its early warning systems. Some 70% of the products that were […]