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Trump’s 2020 jobs bet unravels amid worst slump since Depression

President Donald Trump says he resuscitated President Barack Obama’s gasping economy and proceeded to build it to its strongest position ever. Now as record job losses mount across the country, the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 10th, 2020

Trump"s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

Trump"s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

Trump’s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

The April 2020 jobs report was probably the worst on record

The April 2020 jobs report, which will be released by the Bureau of Labor Statistics this Friday, is expected to give a chilling account of the labor market, showing layoffs surged and unemployment rose to Great Depression levels last month......»»

Category: topSource: moneycentralMay 7th, 2020

IMF predicts Great Depression-like world economy for 2020 amid pandemic

It should be no surprise that the outlook for the economy is grim, but a prediction for the entire world is that we are facing the worst recession since the Great Depression. Veuer’s Justin Kircher has the numbers......»»

Category: topSource: moneycentralApr 15th, 2020

A California city gave some residents $500 per month. After a year, the group wound up with more full-time jobs and less depression.

Unemployment among basic-income recipients in Stockton, California, dropped from 12% in February 2019 to 8% in February 2020. Lorrine Paradela, a 45-year-old single moth.....»»

Category: worldSource: nytMar 3rd, 2021

Economic Report: Hiring sank in December to cap off worst year for U.S. labor market since 2009

Businesses sharply cut back on the number of people they hired at the end of 2020, a new survey shows, with most of the decline at restaurants, hotels and other companies hurt most by the coronavirus. The U.S. lost a net 5.5 million jobs in 2020......»»

Category: topSource: marketwatchFeb 9th, 2021

Trump will have the worst jobs record in modern U.S. history. It’s not just the pandemic.

The U.S. has three million fewer jobs than it did when Trump took office. Economists blame both the pandemic and the president's ineffective response to it......»»

Category: topSource: washpostJan 8th, 2021

The best argument for $2,000 checks for (almost) everyone is that (almost) everyone has had a terrible year

Even people who have kept their jobs have had a miserable 2020, so giving them a one-time check isn't the worst economic idea in the .....»»

Category: topSource: businessinsiderDec 30th, 2020

81 million jobs lost in Asia-Pacific amid COVID-19, says ILO

The coronavirus pandemic has taken a heavy toll on the job market in the Asia-Pacific region, with an estimated 81 million jobs lost in 2020, according to a new report from the Intenational Labor Organization (ILO)......»»

Category: topSource: digitimesDec 24th, 2020

Watch Live: President Trump Updates Press On "Vaccine Development" Amid Beijing Showdown

Watch Live: President Trump Updates Press On "Vaccine Development" Amid Beijing Showdown Tyler Durden Fri, 05/15/2020 - 11:53 On a day where tensions between the US and China have dominated the busine.....»»

Category: blogSource: zerohedgeMay 15th, 2020

NewsWatch: Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump

Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»

Category: topSource: marketwatchMay 15th, 2020

NewsWatch: Retail sales crater record 16% in April amid coronavirus lockdowns and spending slump

Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»

Category: topSource: marketwatchMay 15th, 2020

Economic Report: Retail sales crater a record 16.4% in April amid coronavirus lockdowns and spending slump

Sales at U.S. retailers sank a record 16.4% in April after coronavirus lockdowns shuttered much of the economy, cost millions of jobs and triggered an unprecedented slump in consumer spending......»»

Category: topSource: marketwatchMay 15th, 2020

Market Snapshot: Stocks slump at the open as 36 million jobs vanish in wake of coronavirus, Trump turns hawkish on China

U.S. stock-index futures traded sharply lower Thursday after data showed nearly another 3 million Americans lost jobs last week, down slightly from the prior week, but it still means about 36 million jobs have been lost to the COVID-19 pandemic......»»

Category: topSource: marketwatchMay 14th, 2020

San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression

San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression With the worst jobs report in history under our belt, which saw a record 20.5 million jobs lost in April, an.....»»

Category: blogSource: zerohedgeMay 8th, 2020

Stocks blow past worst jobs reading since the Depression to close sharply higher

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchMay 8th, 2020

Economic Report: Great Depression 2020? The unofficial U.S. jobless rate is at least 20%—or worse

The U.S. unemployment rate exploded to 14.7% in April after more than 20 million jobs were lost to the coronavirus, but that is just the official number. The real jobless rate was at least 20%......»»

Category: topSource: marketwatchMay 8th, 2020

April Jobs Report Reflection of Failed Failed Response

Nightmarish April Jobs Report Reflection of Trump’s Failed Response to COVID-19 Crisis Q1 2020 hedge fund.....»»

Category: blogSource: valuewalkMay 8th, 2020

Asia stocks poised to rise as upbeat earnings trump jobs gloom

Asian stocks were set to track Wall Street gains on Friday, after upbeat corporate earnings took the focus off upcoming data that is expected show the worst U.S. unemployment rate in more than 70 years......»»

Category: topSource: reutersMay 7th, 2020