Category: Unemployment

Unemployment Data Alarm Turns Stock Investors Toward U.S. Treasuries
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Unemployment Data Alarm Turns Stock Investors Toward U.S. Treasuries

Economists feared worsening unemployment data could cause the economy to further decline. Ahead of the release of new economic data, a growing number of investors are flocking to U.S. treasuries. “Massive” liquidity is a variable that could offset gloomy economic trends in the medium-term. Ahead of the release of new unemployment data, U.S. treasury yields…

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Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs
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Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs

The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity and government aid led to new hiring in May. The U.S. unemployment rate fell below last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948.…

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Unemployment Is Shrinking But More Pain Is Coming
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Unemployment Is Shrinking But More Pain Is Coming

U.S. unemployment claims are starting to drop as businesses reopen. Millions of Americans are still unemployed; many won’t get their job back. The stock market isn’t pricing in a long recovery. The job market just took its first encouraging turn this pandemic as unemployment is starting to shrink. State-level jobless rolls dropped for the first…

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Shockingly Bad Unemployment News Is Great News for Disney+ and Netflix
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Shockingly Bad Unemployment News Is Great News for Disney+ and Netflix

The U.S. unemployment rate is expected to rise dramatically with the release of April’s job report. Tight budgets will force Americans to turn more towards affordable at-home entertainment options such as streaming services. Netflix, Disney+ and other streaming services are some of the likely beneficiaries. The coronavirus pandemic has caused massive job losses, with unemployment…

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Stocks drop as unemployment spikes
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Stocks drop as unemployment spikes

Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses due to the continued fallout…

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Friday’s Unemployment Report is Just the Tip of a Terrifying Iceberg
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Friday’s Unemployment Report is Just the Tip of a Terrifying Iceberg

Coronavirus-induced unemployment is even higher than the dismal figures out this week show. Several big names announced wide-scale layoffs that won’t show up in unemployment data until later in the month. As the shutdowns persist, we’re likely to see unemployment figures continue to climb. The impact of coronavirus is becoming painfully evident as unemployment numbers…

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Unemployment Rate Jumps to 4.4%, 701,000 Jobs Lost
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Unemployment Rate Jumps to 4.4%, 701,000 Jobs Lost

The unemployment rate jumped to 4.4 percent in March and the economy shed 701,000 jobs. The new numbers from the Department of Labor’s employment situation report end the record 113 straight months run of hiring. Employment in leisure and hospitality businesses fell by 459,000, with a loss of 417,000 of jobs in bars and restaurants.…

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Unemployment Nightmare Lurches Economy into Depression-Era Scenario
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Unemployment Nightmare Lurches Economy into Depression-Era Scenario

U.S. jobless claims surged to 1,000% of financial crisis highs with 6.6 million new filings. The data suggest the coronavirus recession will be deeper and longer than predicted. The U.S. is on track to suffer depression-era conditions if job losses continue. U.S. jobless claims doubled this week, with 6.6 million people filing for unemployment benefits…

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Mind-Boggling U.S. Unemployment Numbers Will Deplete $2 Trillion Stimulus Fund
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Mind-Boggling U.S. Unemployment Numbers Will Deplete $2 Trillion Stimulus Fund

The Senate has passed a $2 trillion stimulus package. Estimates show that millions of Americans will file unemployment claims due to business shutdowns because of COVID-19. After bailouts and corporate loans, less than half of the relief fund will be distributed to the American people. Americans are cheering after the Senate passed a $2 trillion…

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Why Record Low Unemployment Is Actually Trump’s Worst Nightmare
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Why Record Low Unemployment Is Actually Trump’s Worst Nightmare

Trump’s worst nightmare isn’t impeachment. It’s the economy, stupid. But the record-low unemployment rate shouldn’t give Trump nor markets any comfort. Full employment doesn’t signal a strong economy at all. It is actually a historically sure sign that the U.S. economy is teetering on the edge of collapse. In fact, every record low unemployment rate…

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