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Economic Preview: Millions of lost jobs may push unemployment rate to highest since Great Depression

Unemployment in the U.S. this year might not match the 25% peak during the Great Depression of the 1930s, but it could come pretty close......»»

Category: topSource: marketwatchMay 2nd, 2020

TradeUP Provides Resources To Help Investors Navigate Market Volatility

The pandemic-driven economic slowdown has caused unemployment rates to rise in the US, with jobless.....»»

Category: blogSource: benzingaMay 1st, 2020

Five Things for Wednesday, including economic contraction and a potential Covid cure

Good morning. Here are the latest Five Things for Wednesday. The economy contracted by 4.8 percent in the first quarter of 2020, shrinking by rate not seen since 2008. And the bad news is that only captures part of the downturn kicked off by the.....»»

Category: topSource: bizjournalsApr 29th, 2020

Every State’s Unemployment Claims Since COVID-19 Shut the Economy Down

The continuing economic slowdown in the United States has resulted in another weekly surge of jobless claims, with more than 4 million Americans filing for unemployment last week......»»

Category: topSource: moneycentralApr 23rd, 2020

Economic Report: Jobless claims might top 5 million for third straight week, push unemployment to 15%

Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially......»»

Category: topSource: marketwatchApr 15th, 2020

The Post-Coronavirus Unemployment Crisis Could Last for Years, Economists Say

Experts predict that a recovery that is moderate and drawn out is more likely than an economic snap-back Economists expect the U.S. to suffer its largest-ever contraction this quarter and the unemployment rate to soar to a post-.....»»

Category: topSource: timeApr 10th, 2020

Unemployment numbers matter more to the market than "potential peak in the coronavirus transmission," Jim Cramer says

The "Mad Money" host said he will be more "sustainably bullish" about the market after the "unemployment rate peaks.".....»»

Category: topSource: madmoneyApr 6th, 2020

Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate at 4.4%

The new jobs report show the first impacts of the outbreak on the labor market......»»

Category: topSource: moneycentralApr 4th, 2020

Economic Report: The soaring U.S. unemployment rate could approach Great Depression-era levels

The soaring U.S. unemployment rate might not match a Great Depression peak of 25%, but it could come uncomfortably close in the next few months......»»

Category: topSource: marketwatchApr 3rd, 2020

Economic Report: ‘Already this is a nightmare’ — economists react to March jobs report

Here are some initial reactions to the U.S. March jobs report, which showed a greater-than-expected 701,000 jobs lost in the month, and the unemployment rate rising to 4.4%......»»

Category: topSource: marketwatchApr 3rd, 2020

CBO Reveals Apocalyptic Forecast: Expects -28% GDP, 10% Unemployment Rate

CBO Reveals Apocalyptic Forecast: Expects -28% GDP, 10% Unemployment Rate One of the many side effects of the coronavirus pandemic is that it has thrown out all recent economic forecasts right out of the wind.....»»

Category: blogSource: zerohedgeApr 2nd, 2020

Mnuchin warns of 20% jobless rate if government doesn"t take action: report

Treasury Secretary Steve Mnuchin told Republican senators Tuesday that there is a possibility that the U.S. unemployment rate could soar to 20% if the government takes no action to provide economic stimulus due to the coro.....»»

Category: topSource: marketwatchMar 17th, 2020

Economic slowdown: These state counties have the fastest shrinking local economies in US

Despite the 13% national GDP growth rate from 2013-2018, each state has at least one county where economic growth between lagg.....»»

Category: topSource: usatodayMar 5th, 2020

Market Snapshot: Dow slumps 775 points as 10-year Treasury falls below 1% after Fed makes emergency interest-rate cut

U.S. stocks trade lower Tuesday afternoon, in the wake of a surprise inter-meeting interest-rate cut from the Federal Reserve, intended to curb the potential economic harm from global coronavirus epidemic......»»

Category: topSource: marketwatchMar 3rd, 2020

Market Snapshot: Dow slumps more than 600 points as Fed attempt to quell coronavirus impact falls flat

U.S. stocks trade lower Tuesday afternoon, in the wake of a surprise inter-meeting interest-rate cut from the Federal Reserve, intended to curb the potential economic harm from global coronavirus epidemic......»»

Category: topSource: marketwatchMar 3rd, 2020

A slowdown could spell trouble for people behind on car payments

A potential economic slowdown from the coronavirus could spell trouble for a growing number of borrowers that have defaulted on their car loans......»»

Category: topSource: moneycentralMar 2nd, 2020

An economic slowdown could spell trouble for the rising number of people behind on car payments

A potential economic slowdown from the coronavirus could spell trouble for a growing number of borrowers that have defau.....»»

Category: topSource: usatodayMar 2nd, 2020

Coronavirus: A potential economic slowdown could spell trouble for delinquent borrowers

A potential economic slowdown from the coronavirus could spell trouble for a growing number of borrowers that have defau.....»»

Category: topSource: usatodayMar 2nd, 2020

Bond Report: 2-year Treasury yield at lowest since Nov. 2016 on expectations for Fed interest rate cuts

U.S. Treasury yields fell on Thursday as traders priced in expectations for the Federal Reserve to step in and lower interest rates to cushion the potential economic blow from the COVID-19 epidemic......»»

Category: topSource: marketwatchFeb 27th, 2020

Stocks end lower, post weekly loss, as coronavirus spread fans fears of global slowdown

Stocks ended broadly lower Friday, leaving major indexes with weekly losses. Analysts tied weakness to worries about the spread of COVID-19 outside China and the potential impact on global economic growth and supply chains. The Dow Jones Industria.....»»

Category: topSource: marketwatchFeb 21st, 2020