Nation imports $64.1 billion more than it exports. The Commerce Department announced on Friday that the trade deficit grew by 1.7% in October, as the nation brought in…
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Labor Department Reports Climbing Unemployment
Data released last week updates covid impact. Labor Department reports paint an increasingly concerning picture of the impact of the pandemic on the U.S. economy. The most recent…
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President Remarks on the Dow Jones Reaching 30k
First time the stock market has gone so high. On Tuesday this past week, the Dow Jones Industrial Average exceeded previous records, ending above 30,000 for the first…
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Congress Considering Next Round of Aid for Americans
12 million Americans to lose unemployment benefits the day after Christmas. 12 million Americans are set to lose their emergency jobless benefits on December 26 if no further…
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U.S. Borrows to Offset Economic Impact of COVID-19
Nation’s budget deficit surpasses $284.1 billion. The United States will start 2021 with the largest budget deficit it has ever seen according to numbers released by the Department…
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Jobless Claims at Lowest Since March
Businesses lament lack of available workers. New applications for unemployment benefits fell sharply to 709,000 last week, down from 757,000 the week before. The numbers suggest layoffs are…
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Job Openings Near Pre-Pandemic Levels
Labor market is a good sign for economic recovery. The number of job openings in America has been climbing since spring and is now nearly back to where…
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President Promises Stimulus After Election
White House will return to negotiations with Congress after November 3. This past week, President Trump laid out his administration’s plan to bring much-needed COVID-19 relief to economically…
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Good Economic News Ends Third Quarter
Jobless claims down, GDP grew. In what President Trump describes as a “V-shaped” recovery, the end of the third quarter brought evidence of a bounce back from pandemic…
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Interior Announces Administration’s Economic Impact
Over $336 billion generated in past year. The Department of the Interior announced this week that the efforts of President Trump’s administration had generated over $336 Billion and…
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