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May 08 2020
News
April Unemployment Rate Rose to a Record 14.7%
The April unemployment rate rose to a record 14.7% and payrolls dropped by an unprecedented 20.5 million as the coronavirus pandemic hit the economy.
April’s jobless rate eclipsed the previous record rate of 10.8% for data tracing back to 1948.
The job losses due to business closures triggered by the coronavirus produced by far the steepest monthly decline on records back to 1939
Wall Street Journal (News)Jul 13 2020
News
Washington’s NFL team officially retires name and logo after sponsor backlash
The National Football League team in Washington, D.C., will officially retire the team’s name and logo, the club announced Monday. A new name was not announced.
The organization, which had its name since 1932, launched a review of its name after partners and sponsors began to criticize the team for failing to acknowledge the sensitivity regarding the name and logo to Native Americans
CNBCJul 02 2020
Analysis
The Science of Mask-Wearing Hasn’t Changed. So Why Have Our Expectations?
Before every fashion retailer was selling their own cloth face covering, before a piece of fabric over your nose and mouth became a personal political statement, and before Goldman Sachs was saying a national face mask mandate is as good as a lockdown, Lara Martin was unsure whether homemade cloth masks were even a good idea.
The executive director of the United Methodist Committee on
538 (ABC News)Jun 08 2016
Background
Real Unemployment - Department of Labor (U-6)
Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America.
For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks. Similarly, the BLS does not count someone as unemployed if he or she is, for
GallupSep 24 2019
News
Walmart's Entry Into Health Care Could be Hugely Disruptive in All the Best Ways
Walmart is bringing its "everyday low prices" to the health care market—with an emphasis on "prices."
The big box retailer opened its first Walmart Health in-store clinic this month in Dallas, Georgia, offering primary medical, dental, vision, and mental health care. Though Walmart has not yet made public any plans for a national roll-out of similar facilities, the new clinic in the
ReasonOct 25 2012
News
Buying Food Past Its Sell-By Date Tough To Swallow For Greeks
Austerity measures continue in Greece as the country sinks deeper into a recession. Incomes have dropped nearly 50 percent in some cases, but food prices are at record highs. The Greek newspaper Ekathimerini recently reported that the country has some of the most expensive food and the costliest dairy products in the entire European Union.
In response, the Greek government is now asking
NPR (Online News)May 26 2020
News
Stocks soar as NYSE trading floor reopens from coronavirus shutdown
U.S. equity markets surged to their best levels in months as states continued to reopen and traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
The Dow Jones Industrial Average rallied more than 600 points, or 2.45 percent, in the opening minutes of trading, while the S&P 500 and the Nasdaq Composite were
Fox News (Online News)Jul 15 2013
News
Businesses Pressure to Bring Back 40-Hour Week Rule in Obamacare
American businesses are intent on grasping an opportunity to preserve the traditional 40-hour work week now that Obamacare's contentious employer mandate has been delayed.
The mandate described anyone working 30 hours a week as full-time, but now companies and politicians on both sides of the aisle see a chance to reverse the move.
Indiana Republican Rep. Todd Young is
Newsmax (News)Apr 28 2020
News
Governors tiptoe toward reopening across the country
Governors are tiptoeing toward allowing businesses to reopen in their states, a gamble that will have ramifications for both the coronavirus epidemic and the economy.
On Monday, governors in Texas and Ohio announced phased reopening plans that will allow some businesses to resume operations over the coming weeks if they follow safety requirements.
Montana, Colorado and
The HillJul 02 2020
News
Economy added 4.8M jobs in June, before surge in coronavirus infections
The economy gained 4.8 million jobs in June, lowering the unemployment rate to 11.1%, the Labor Department said Thursday.
June's job gains were a record and easily beat forecasters' expectations. Nevertheless, the jobs report is clouded by the fact that, even with the improvements, the labor market was in historially bad shape even before coronavirus outbreaks worsened throughout the
Washington Examiner