July 30, 2020

WASHINGTON (AP) — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce Department’s estimate of

Read More

May 8, 2020

Today’s Top Stories is brought to you by My Daily Grind News. The Lede The unemployment rate hit 14.7 percent, which is bad–gaining 10.3 percent in a single month. The number of unemployed soared to 20.5 million people. HOWEVER, it is somewhat understated at about 10 million people are not actively looking for a job

Read More

May 8, 2020

It’s by far the worst jobs report in history. The U.S. economy shed a record 20.5 million jobs in April as the unemployment rate skyrocketed to 14.7% — more than quadrupling from the rate seen before the coronavirus outbreak — according to government data released Friday. Why it matters: It’s by far the worst jobs report

Read More

April 3, 2020

Coronavirus update: 1,056,077 infected, up from 962,977 yesterday. 55,781 deaths, up from 49,180 yesterday. Relevant COVID-19 stories: Coronavirus Vaccine Race Gets Unlikely Partner: Cigarette Makers Experts tell White House coronavirus can spread through talking or even just breathing Coronavirus at beaches? Surfers, swimmers should stay away, scientist says Economy Update: DJIA is down about 400

Read More

April 2, 2020

Coronavirus update: 962,977 infected, up from 905,279 yesterday. 49,180 deaths, up from 45,497 yesterday. Relevant COVID-19 stories: Pentagon Confirms It’s Seeking 100,000 Body Bags in Virus Crisis Trump’s new coronavirus argument: 2 million people are being saved Economy Update: DJIA is, surprisingly, UP near 300 points, at 21k. I say surprising because the US just

Read More

April 2, 2020

Jobless claims surge by an astounding 6.6 million as the coronavirus pandemic-led shutdown of the U.S. economy spurs unprecedented claims. More than 6.6 million Americans filed for unemployment benefits in the last week of March, the U.S. Labor Department reported on Thursday – an unheard of number never before recorded in the U.S. – as

Read More