By Robert Romano Another 1 million Americans left continued unemployment claims the week of Sept. 5 on an unadjusted basis, the latest data from the Department of Labor shows. That brings the number collecting unemployment from its 13.8 million Aug. 29 level, and from its 22.8 million May 9 […]
By Robert Romano In May, the Department of Labor Inspector General warned that the new pandemic unemployment assistance program passed by Congress in the $2 trillion CARES Act earlier this year, because of a flimsy self-certification requirement for individuals to receive benefits immediately, “will lead to increased improper payments and […]
By Robert Romano The state of California accounts for 22 percent of all regular unemployment claims and a whopping 49 percent of all pandemic unemployment claims, despite only accounting for 15.2 percent of the working age U.S. population , data from the Department of Labor shows. In an unusual explosion of activity, 4.4 million of its 6.97 […]
By Robert Romano Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley are underwriting part of what could be a $40 billion initial public offering (IPO) for Ant Group Co. in Hong Kong and Shanghai, which China-controlled megacorporation Alibaba owns a 33 percent share of, raising concerns that […]
By Megan Marzzacco COVID-19’s drastic economic impact has stripped away decades of women’s advancement in the workplace. Although women make up a smaller portion of the workforce, more women lost their jobs at the height of the state-led coronavirus shutdowns than men, Bureau of Labor Statistics data […]
By Rick Manning America has gone through a lot since Labor Day 2019. Hurricanes, the Chinese-originated virus, economic shutdowns, torching of cities, murder hornets, communist driven riots, Rachel Maddow ramblings, earthquakes, you name it and it appears to have happened in the past year. It has been […]
By Robert Romano The U.S. economy added another 3.7 million jobs in the month of August, according to the Bureau of Labor Statistics’ household survey of Americans reporting they have jobs, bringing the total up to 13.8 million jobs that have been recovered since labor markets bottomed in April, […]
By Rick Manning Over the past three decades, prior to President Donald Trump’s election in 2016, U.S. manufacturing and production, and agriculture, has been outsourced to foreign trade partners. There are many factors that have fueled this shift towards globalization: trade agreements and legislation including NAFTA and […]
By Rick Manning As improbable as it may seem, a high-level Trump appointee in the Commerce Department may be working against the President’s America first trade agenda. Assistant Secretary of Commerce Jeffrey Kessler is said to be slow-walking investigations into countries that may be cheating on trade deals, at […]
