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Weekly Jobless Claims Edge Down to Lowest Level Since March

Weekly Jobless Claims Edge Down to Lowest Level Since March

BY TOM OZIMEK The number of U.S. workers seeking unemployment benefits last week ticked down by 7,000 to its lowest level since March, when the outbreak of the CCP (Chinese Communist Party) virus threw the economy into a tailspin. A report from the Labor Department on Thursday (pdf) showed 751,000 people filed for state unemployment benefits in the week ending […]

Red States’ Economies Fare Better Amid CCP Virus, Unemployment Data Indicates

Red States’ Economies Fare Better Amid CCP Virus, Unemployment Data Indicates

BY PETR SVAB Republican states have generally handled the economic impact of the CCP virus pandemic much better than Democrat states, based on unemployment data. The lockdowns imposed in response to the coronavirus pandemic hammered the economy countrywide, with unemployment rising from a historically low 3.5 percent in February to a record high 14.7 percent in April, before gradually dropping to 7.9 percent in […]

California Gov. Gavin Newsom Says State Will Reopen “Methodically And Stubbornly” To Avoid “Fits And Starts”

California Gov. Gavin Newsom Says State Will Reopen “Methodically And Stubbornly” To Avoid “Fits And Starts”

By Jill Goldsmith California Gov. Gavin Newsom said Friday the only path to sustainable economic recovery from the battering ram of COVID-19 is to avoid early mistakes and open businesses more slowly despite the pain. “It’s very raw. I am well aware of the mandates we put out as a state, the mandates that are put out by […]

US Economy Adds 661,000 Jobs in September, Unemployment Falls Below 8 Percent

US Economy Adds 661,000 Jobs in September, Unemployment Falls Below 8 Percent

BY TOM OZIMEK The U.S. economy added 661,000 jobs in September, while the unemployment rate fell from 8.4 percent in August to 7.9 percent last month, the Labor Department said in a release Friday. The agency’s last monthly employment report ahead of the Nov. 3 presidential election shows labor market recovery continues from the lockdown-driven lows of March and April, although […]

US Household Net Worth Surged to Record High in 2nd Quarter

US Household Net Worth Surged to Record High in 2nd Quarter

BY TOM OZIMEK   American household wealth has hit a historic high, with savings accounts and equity portfolios seeing a big boost from federal pandemic relief and surging stock markets, according to a Federal Reserve report. The Fed’s most recent Flow of Funds report, released Sept. 21, provides a snapshot of the wealth and income of U.S. households and […]

Jobs and Economy Most Important Election Issue in Rust Belt States: Poll

Jobs and Economy Most Important Election Issue in Rust Belt States: Poll

BY TOM OZIMEK A new Epoch Times poll of registered voters in the Rust Belt shows that by far the most important issues in Iowa, Michigan, Minnesota, Ohio, Pennsylvania, and Wisconsin are the state of the economy and jobs. More voters cited the “economy and jobs” as the issues most important to their vote in the November presidential election, at […]

Trump Vows to Create 10 Million Jobs, Says Biden White House Would ‘Kill’ Economy

Trump Vows to Create 10 Million Jobs, Says Biden White House Would ‘Kill’ Economy

BY TOM OZIMEK At Friday’s rally in New Hampshire, President Donald Trump defended his record on jobs and growth, vowing to adopt policies that would see the post-pandemic rebound soar to new heights, while claiming that Democrat policies of high taxes and higher regulations would “kill” the economy. Speaking before an audience of supporters in Londonderry, Trump began by saying that […]

Kudlow Expects Economy to Surge by Over 20 Percent On ‘Terrific Numbers’

Kudlow Expects Economy to Surge by Over 20 Percent On ‘Terrific Numbers’

BY TOM OZIMEK White House economic adviser Larry Kudlow told Fox News on Thursday that he expects the economy to grow by over 20 percent in the final quarters of 2020 and that predictions for a sharp, V-shaped recovery remain in play. “Twenty-percent-plus growth in the third and fourth quarters. You can score that,” Kudlow said in an interview with […]

Newsom nears pivotal decision: Should California try to reopen again?

Newsom nears pivotal decision: Should California try to reopen again?

By VICTORIA COLLIVER OAKLAND — California Gov. Gavin Newsom says California is “turning a corner” on the pandemic weeks after locking down various sectors in a desperate bid to thwart a summer surge. But that puts the Democratic leader at a crossroads. Should California reopen gyms, churches and malls again? Newsom will face his toughest test […]

Jobs Recovery Stalls in States Experiencing COVID-19 Surge: Report

Jobs Recovery Stalls in States Experiencing COVID-19 Surge: Report

BY TOM OZIMEK Small-business hiring has slowed in states experiencing a COVID-19 resurgence, according to high-frequency labor market data from a recent report by scheduling firm Homebase. The report found that after more than two months of steady labor market recovery across all states following a sharp plunge in April amid lockdowns, some states are showing a split. Those that […]

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