WASHINGTON—The jobless rate is expected to remain in double-digits through the end of the year, and the economy will shrink an estimated 5.9%, according to projections released by the Congressional Budget Office Thursday.
The CBO on Thursday estimated the unemployment rate will fall to 10.5% by December, down from an earlier forecast of 11.5%. Gross domestic product, a broad measure of economic output, is expected to climb 12.4% in the second half of the year, but not enough to offset the losses from widespread business closures...
FUTURE COMMERCIAL ACTIVITY ONLY FOR INNOVATION, CREATIVITY, MANUFACTURING, SUPPLY MAY NOT BE MUCH MARKETING ESPECIALLY FOR RETAIL SHOW ROOMS DUE TO ONLINE MARKETS, DELIVERY OF GOODS AT CONSUMER DOORSTEPS. SHIFT FROM SHOW ROOMS TO INVESTMENTS FOR MANUFACTURING, STORAGE, DELIVERY.
Looking forward to reading this again on 12/31.
Well one thing is always a “given” when it comes for he CBO and that’s their always wrong.
And just in time, the truth is out:
Yeah, because it’s an election year and it has too. Dems will burn this country to the ground, kill people by defunding the police just to stay in POWER!!!!!
If we wore masks, it would be under 1%. Trump’’s continued destruction.
Good luck with that.
Nice. Gotta throw out that negative news quick. Don't want people to get their hopes up.
All for political gain, the dems COULD have put up a moderate candidate who isn't as old as dirt and just barely smarter than dirt. Instead, they used a virus that 99.5% will recover from to out millions out of work, and promote protests & riots which led to a massive outbreak.
Reopening stocks leading the market higher today again. Energy and casinos... reopening
I can make shit up, too.
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Oil prices just had their best quarter in 30 years — what's next?The IEA's Fatih Birol has reportedly said he believes 2020 may well come to be seen as the worst year in the history of global oil markets. 50¢ I’d assume federalreserve will sh…t out more money from PLL as… to buy the oil even higher. Make the rich richer more. What a way to alter reality and news! The best quarter in the industry when oil traded to negative values (-USD 40) in April, due to excess production and lack of storage capacity? When are there many companies with serious liquidity problems and massive layoffs? Really crazy!
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U.S. Jobless Rate Fell to 11.1% in JuneBreaking: The jobless rate fell to 11.1% in June as the U.S. regained 4.8 million jobs, but a recent coronavirus spike could hamper the labor market’s recovery Thanks realDonaldTrump Do you blame Trump's governance or coronavirus? Hopefully news.
Source: WSJ - 🏆 98. / 63 Read more »
Unemployment rate at 11.1% in June, another 1.4 million workers filed jobless claims last weekJUST IN: Another 1.4 million workers filed for unemployment insurance in the last week, as the unemployment rate fell slightly to 11.1% in June, according to data released by the Department of Labor. A tale of two headlines... Once again people commenting either didn't the article or choose the logic fallacy of reductionism. In other words a simplistic approach to reports on facts that require context & nuance. This jobs report is for the status of jobs from 5+ weeks ago. Not what jobs are today. 🤦🏻♀️ The unemployment fell slightly? Hahaha it plunged 16.5% in one month! That's an enormous improvement. The economy has recovered one third of the lost jobs in just two months.
Source: ABC - 🏆 471. / 51 Read more »
Europe contains jobless rate, but faces summer of discontentEurope has limited the rise in unemployment caused by the pandemic with a wide array of government support programs, but that cannot hide widespread economic distress and anxiety among workers and small business owners. On other side: If the CO Government Trump / Joh of Honduras facilitates the leakage of productive companies Will the country survive exporting only 'coca'?
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