As the United States enters the fourth month of a combined public health and economic crisis, data on the state of the economy and the personal finances of individuals have gone weirdly inverted—and may do so again.
This pattern confirms what other data and reports from corporate executives have shown: While there’s been some real material deprivation thanks to sky-high unemployment and pay cuts for some workers, incomes and spending have been more resilient than the headline unemployment numbers have indicated.
A probable scenario in the late summer and fall is that large numbers of jobs will be created and gross domestic product will soar as states and localities allow businesses to re-open.
“If the unemployment benefits really roll off at the end of July, it is absolutely not a given that the third quarter looks like anything special,” says Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
St. John's Church has intersected with Donald Trump at key moments of his presidencyTrump has visited the Church of Presidents, as St. John's is known, on at least three other occasions including the morning of his 2017 inauguration. Imagine big brothers PTSD. When liberals are more outraged by a president visiting a burned church than by the church being burned in the first place. How many similar‘coincidences’ will it take for you to admit the truth? Trains?
Source: USATODAY - 🏆 100. / 63 Read more »
Key Steps To Assess When (And If) To Bring Employees Back To The OfficeNow that states are re-opening, critical questions must be effectively addressed as to if, when and how employees should be brought back to the office. please notice the twitter handle on the sign..... also the person sharing the post on instagram who supports and promotes this If you looted you should get 4 months of grounding when things open If rioting goes unquestioned in the same context, why are we keeping this charade up? Just let it go already. You lack credibility when you ask these questions.
Source: Forbes - 🏆 394. / 53 Read more »
Trump threat to send military to U.S. cities misses key detailsJeh Johnson, former secretary of Homeland Security, talks with Rachel Maddow about the logistics and legalities of invoking the Insurrection Act and whether Donald Trump's threat to deploy the U.S. military against Americans is realistic. The Posse Comitatus Act, used by Eisenhower to open up desegregsted schools in Arkansas, is a near example of Federal power when the state is unable or unwilling to act. Hes out of touch with reality When are you people going to start reporting on and helping people like this woman who has lost everything because of Antifa idiots that you currently support.
Source: MSNBC - 🏆 469. / 51 Read more »
Russian strategic document names strike weapons deployed in space as key military threat: RIAPresident Vladimir Putin approved a strategic document on Tuesday naming the creation and deployment of anti-missile and strike weapons in space as one of the main military threats to Russia, the RIA news agency reported. Space Force will protect us! Death Star incoming
Source: Reuters - 🏆 2. / 97 Read more »
The Key To Coronavirus Testing Is CommunityIn San Francisco, the coronavirus has disproportionately affected Hispanic and Latinx communities. This is especially true in the Mission District — a neighborhood known for its art and food culture. To understand more about how the virus has penetrated the neighborhood, a group of collaborators known as Unidos En Salud carried out a massive testing initiative focused on community and collaboration. Follow Maddie on Twitter for more coronavirus coverage. Her Twitter handle is maddie_sofia. Email the show at shortwavenpr.org. As the president of the United States tear gasses protesters so he can hold up a Bible. For the first time. :-) were? Did they cancel it? Democrat controlled area for decades. How the Democrats can be glossed over for causing this is astonishing. Whereever Democrats are pulling the strings, there are racial disparities because they are moving pieces around on a chess board.
Source: NPR - 🏆 96. / 63 Read more »