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Get ready for the worst unemployment reading since the Great Depression: Morning Brief

Jun 5, 2020

Friday, June 5, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.  Subscribe And what measures outside unemployment economists will be watching this summer. Later this morning, the world will receive more shocking data about the state of the U.S. labor market. At 8:30 a.m. ET, […]

Unemployment rate expected to hit highest since the Great Depression

Jun 4, 2020

The May jobs report is expected to show another historic number of non-farm payroll losses alongside a surge in the unemployment rate to the highest level since the 1930s, extending the virus-related labor market devastation of the past few months. The Labor...

1.84 million Americans expected to have filed for unemployment benefits

Jun 3, 2020

The state of employment in the U.S. will take centerstage Thursday when the U.S. Labor Department releases its weekly jobless claims report. Economists anticipate another 1.84 million Americans filed for unemployment benefits in the week ending May 30 from 2.12...

An unemployment surge in swing states is endangering Trump’s re-election chances

May 30, 2020

More than 40 million Americans have applied for unemployment benefits over the past 10 weeks as the coronavirus pandemic has brought the U.S. economy to a standstill. As terrible as that number is, that fact alone is not bad news for President Trump’s re-election...

Fatter unemployment check are hurting the COVID-19 economic recovery: Goldman

May 27, 2020

Much larger unemployment checks as part of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act may be hindering the U.S. economic recovery from the worst of the COVID-19 pandemic, suggests researchers at Goldman Sachs. “While the $600/week...
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