More than 40 million Americans have filed unemployment claims since mid-March, when state governments across the U.S. began restrictions to slow the spread of COVID-19, including closing businesses deemed nonessential.
Last week, an additional 2.12 million workers filed claims, according to U.S. Department of Labor data released Thursday, the 10 consecutive week in which new jobless claims were in the millions. The 2.12 million claims from the week ending July 23 is down 323,000 from the 2.44 million workers who filed for benefits in the week ending May 16 and is the lowest number of new claims since the week ending March 15. Read More
It was Monday morning on March 10, 2019, when Ethiopian Airlines Flight 302 lurched away from the gate, rolled to a sprint, and peeled its wheels off the runway for the last time. Aboard, 157 souls including eight Americans and one veteran on vacation doing missionary work, were flying.
Six minutes after takeoff, Flight 302 plunged back to earth, trailing white smoke across the sky until reaching its terminus near Bishoftu, Ethiopia. All aboard perished when the Boeing 737 Max 8 aircraft screamed into the ground at nearly 700 miles per hour, leaving a massive crater with wreckage driven up to 30 feet deep into the soil. Read More
Some 100 million people in China are now back in lockdown as fears of a second wave surge. Now that the US and the rest of the world is opening up, the probability of infection will most likely go up, as will the number of infections. What does that mean for the economy?
First, uncertainty and fear of another lockdown will negatively influence business decisions and overall economic recovery. Even if your business survived the first wave, would you be willing to go all in, invest, rehire people, renew leases, etc., if you think you will be shut down in the autumn? Read More
The Great Awakening.
History books tell us “The Great Awakening” was (according to Wikipedia), “The First Great Awakening (sometimes Great Awakening) or the Evangelical Revival was a series of Christian revivals that swept Britain and its Thirteen Colonies between the 1730s and 1740s. The revival movement permanently affected Protestantism as adherents strove to renew individual piety and religious devotion. The Great Awakening marked the emergence of Anglo-American evangelicalism as a trans-denominational movement within the Protestant churches. In the United States, the term Great Awakening is most often used, while in the United Kingdom, it is referred to as the Evangelical Revival.” Read More
Even as much of the country eases restrictions and slowly begins to reopen state economies, new jobless claims continued their COVID-19 spike last week, increasing the total number of those filing for unemployment benefits to nearly 39 million since mid-March.
According to data released Thursday by the U.S. Department of Labor, an additional 2.44 million workers filed for benefits in the week ending May 16. That’s down 249,000 from the revised number of claims filed in the week ending May 9. Read More
New jobless claims continued their COVID-19 surge last week, driving the total number of those filing for unemployment benefits to more than 36 million over the past two months.
Even as many states across the country began easing restrictions and slowly reopening their economies, 2.98 million Americans filed for new unemployment benefits for the week ending May 9, according to data released Thursday by the U.S. Department of Labor. Read More
Another 4.4 million Americans filed for initial unemployment claims last week, raising the total to more than 26 million who have lost their jobs since the COVID-19 pandemic economic closures began in all 50 states more than a month ago. Read More
President Donald Trump on Thursday announced a plan to allow states to begin reopening their economies in a phased approach. Read More
WASHINGTON – The coronavirus pandemic is continuing to wreak havoc on the U.S. economy, with another 5.2 million workers claiming unemployment compensation last week, the Labor Department reported Thursday. Read More
We are cowering from fear of COVID-19, but quarantine is not a cure to end the virus. Read More
Live from Nashville, Tennessee Wednesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– Leahy and Carmichael discussed the economy and its effects caused by the coronavirus pandemic. Read More
In the past few decades, a new subfield of history has emerged: the history of capitalism. The subfield is widely popular in the media as a result of hugely influential books such as those of Sven Beckert and Edward Baptist. These two particular authors tie the “peculiar institution” of slavery in American history to capitalism. Many media pundits, as witnessed by recent articles in the New York Times and Vox, jumped on the works of these authors to claim that slavery was “the building block of the American economy” and it made America richer. Read More
by Henry Rodgers The total number of workers claiming unemployment insurance fell to the lowest level in 50 years, the Department of Labor reported Thursday. The number of applications claiming unemployment insurance benefits dropped by 10,000, bringing the number of applicants to 202,000, the lowest recorded number since Dec.… Read More
by Rick Manning The office discussions at Americans for Limited Government are lively with voices often raised over various interpretations of what the news of the day means. While none of us are economists and we don’t even belong to the Holiday Inn Rewards Program, we still have extended… Read More
by Anthony B. Kim The U.S. economy is roaring like no other time in recent memory. The job market is hot, unemployment is down to record lows, and small business optimism is soaring. But this newfound dynamism didn’t come from nowhere. It required a package of market and consumer-friendly… Read More
by CHQ Staff Strategic tax and wealth protection guru attorney Denis Kleinfeld recently posted a column on NewsMax that is worth parsing and passing along as an interesting counterpoint to the conventional wisdom of Big Media. Kleinfeld wrote that, of the many risks to the investment markets, none is… Read More