Saturday, May 30, 2020
  • Home
  • MixedTimes - John Carney

MixedTimes - John Carney

Jobless Claims Fall to 3.84 Million

Jobless Claims Fall to 3.84 Million

New claims for unemployment benefits fell to 3.84 million in the week ended April 25, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, over the past six weeks to around 30

Carney: How I Learned to Stop Worrying and Love the Paycheck Protection Program

Carney: How I Learned to Stop Worrying and Love the Paycheck Protection Program

The Trump administration's program of providing funds to small businesses to keep their workers on the payroll has been under attack almost since its inception. Yet it is arguably the best designed and most effective program launched by the federal government to support the economy ravished by the coronavirus.

Oil Plunge Deepens

Oil Plunge Deepens

The June futures contract price for WTI has plunged below $12.

CBO Expects Economy to Contract 7% in Second Quarter

CBO Expects Economy to Contract 7% in Second Quarter

The Congressional Budget Office said Thursday that the U.S. economy will shrink by 7 percent in second quarter of this year. “If that happened, the decline in theannualizedgrowth rate reported by the Bureau of Economic Analysis would be about four

Out of Work: Jobless Claims Jump By 6.6 Million

Out of Work: Jobless Claims Jump By 6.6 Million

More than 6.6 million Americans applied for unemployment benefits last week. The record 6,648,000 claims figure comes after 3.3 million sought benefits two weeks ago. Claims have skyrocketed after large segments of the U.S.

Jobless Claims Soar to 3,283,000

Jobless Claims Soar to 3,283,000

Jobless claims rose to3,283,000 last week, reflecting only the first round of mass layoffs due to the coronavirus pandemic.