By Robert Romano Another 2.1 million Americans filed for initial jobless claims the week ending May 23, demonstrating that the U.S. economy is still contracting, but there may be a ray of hope as 3.8 million fewer Americans remained on unemployment insurance the week ending May 16, dropping from 24.9 […]

By Robert Romano America appears to be past the peak in COVID-19 deaths, cases and hospitalizations, according to data compiled by at Covid19.healthdata.org , with more than 91,000 dead from the China-originated virus. Going forward, the projections say cases will dwindle down to almost no new cases and deaths by August. That’s in part […]

By Robert Romano Another 2.9 million Americans filed for initial unemployment in the week ending May 9, and about 22.8 million were taking advantage of unemployment benefits the week ending May 2 during the COVID-19 pandemic, according to the Department of Labor. The second number, the 22.8 million, keeps churning on a […]

By Richard McCarty Sen. Tim Scott (R-S.C.) is right. On Tuesday, he noted that “we didn’t set out to keep quarantines in place until we found a safe and effective vaccine. That would take too long… We are too often presented with a false dichotomy — either saving […]

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By Robert Romano The COVID-19 pandemic began in Wuhan, China in early December and may have been the result of an accident at a virology lab there. And according to a “Five Eyes” intelligence report quoted by the Australian newspaper, The Daily Telegraph, China hid the truth from […]

By Robert Romano 25.4 million Americans have lost their jobs since February through mid-April, the Bureau of Labor Statistics reports — 17.3 million who are unemployed, and another 8.1 million who have left the labor force completely — in response to the Chinese coronavirus pandemic as Americans sit home and wait it out. Although the Bureau tabulates a […]

By Robert Romano Another 3.169 million Americans applied for initial unemployment claims last week, the Department of Labor reports, as the total now runs up to 33.5 million who have lost their jobs in the government-directed closures of the U.S. economy in response to the COVID-19 pandemic to save as […]

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By Richard McCarty Over the past six weeks, over 30 million people have applied for unemployment in the U.S. As depressing as these numbers are, it is highly unlikely that the hemorrhaging has stopped. The federal loan fund known as the Paycheck Protection Program was established to […]