A store in Niles, Ill., this month. (Nam Y. Huh/AP) Roughly one-quarter of the labor force in Nevada, Michigan and Hawaii is unemployed, and nearly every other state registered a Continue Reading
Even as states begin to reopen for business, a further 2.4 million workers joined the nation’s unemployment rolls last week, and there is growing concern among economists that many of Continue Reading
The coronavirus recovery is in trouble before it even begins. As swiftly as the lockdowns across Asia were imposed, the process of lifting them will be slow and uneven. That Continue Reading
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to Continue Reading
The chairman of the Federal Reserve says the US economy could “easily” contract by 20-30% amid the pandemic. Jerome Powell added in a CBS interview that the economic downturn might Continue Reading
The Texas economy has suffered a double blow from COVID-19 crisis and the collapse of the oil industry. U.S. shale drillers had already planned on cutting capex this year by Continue Reading
The world’s number one problem today is that the world’s population is too large for its resource base. Some people have called this situation overshoot . The world economy is Continue Reading
Consumers pulled back on spending and factories cut output at the fastest pace in decades as lockdowns to contain the coronavirus pandemic hit the U.S. economy. Retail sales, a measure Continue Reading
The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen, with the commercial real estate market being among Continue Reading
One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC’s “Today Show” to offer a reassuring message to Americans dealing with the economic Continue Reading
