Jeffry Bartash
Jeffry Bartash
CRITIC
N/A
No Rating
0 reviews
USER
N/A
No Rating
0 reviews
RECENT ARTICLES
gold-cheese88%
Fear of the coronavirus did more to keep people at home than lockdowns, study says

Fear of the coronavirus did more to keep people at home than lockdowns, study says

The fear of catching the coronavirus has evidently played a much bigger role in consumers staying at home and avoiding stores than government-ordered lockdowns, according to a new paper whose findings raise fresh questions about how quickly the economy will return to normal.Using cell-phone data on which stores millions of people visited, economists Austan Goolsebee and Chad Syverson of the University of Chicago found that traffic began to decline sharply before government restrictions were put in place, especially in counties with the most severe viral outbreaks.Read:From March to May,...

marketwatch.com
Jeffry Bartash
6d ago
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
Jobless claims dip to 1.48 million, but slow decline signals choppy economic recovery

Jobless claims dip to 1.48 million, but slow decline signals choppy economic recovery

The numbers: New applications for traditional jobless benefits fell slightly last week to 1.48 million, but they remain stubbornly high three months after the start of the coronavirus pandemic and signal that a fledging economic recovery is likely to be uneven.Initial jobless claims, a rough gauge of layoffs, dipped in the seven days ended June 20 from 1.54 million in the prior week, The figures are seasonally adjusted.While it marked the 12th straight decline, new claims are still extremely high and raise questions about whether a small rebound in the economy after a prolonged...

marketwatch.com
Jeffry Bartash
Jun 25
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
Millions of additional job losses in May could push U.S. unemployment rate up to 20%

Millions of additional job losses in May could push U.S. unemployment rate up to 20%

Another 7.25 million U.S. jobs may have disappeared in May, after the loss of more than 20 million in April due to the coronavirus pandemic, but the partial reopening of businesses in the past few weeks suggests the damage to the economy may be mostly done for now.Here’s what to watch in Friday’s May employment report.See:More job destruction The U.S. likely shed around 7.25 million jobs in May, according to the economists polled by MarketWatch. The government previously reported a record-shattering loss of 20.5 million jobs a month earlier when most of the economy was shut down as states...

marketwatch.com
Jeffry Bartash
Jun 4
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
This 2020 presidential forecast says Trump faces historic defeat due to terrible economy

This 2020 presidential forecast says Trump faces historic defeat due to terrible economy

President Donald Trump could suffer a historic defeat in the fall if the economy doesn’t sharply recover from the coronavirus pandemic and the disease lingers, according to a model that has predicted the winner of the popular vote in 16 of the past 18 elections.Oxford Economics predicts Trump would lose to Democrat Joe Biden by a margin of 65% to 35%, using a model based on the pioneering political-forecasting work of Yale economist Ray Fair.How bad is that? Howard Taft was the last president running for reelection to win fewer than 35% of the vote, when he finished third in 1912 behind...

marketwatch.com
Jeffry Bartash
May 20
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
Jobless claims jump another 4.4 million — 26 million Americans have lost their jobs to the coronavirus

Jobless claims jump another 4.4 million — 26 million Americans have lost their jobs to the coronavirus

The numbers: The record surge of Americans applying for unemployment benefits is starting to recede, but another 4.4 million people filed new jobless claims last week to push the total above 26 million since the coronavirus pandemic laid siege to the U.S. economy a month and a half ago.The spike in unemployment has likely pushed the jobless rate to between 15% and 20%, economists estimate. The only other time in American history when unemployment was that high was in the early stages of the Great Depression almost a century ago.Read:In less than two months, the pandemic has after the...

marketwatch.com
Jeffry Bartash
Apr 23
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
Coronavirus erases almost all the 23 million new jobs created since the Great Recession

Coronavirus erases almost all the 23 million new jobs created since the Great Recession

It took 10 years for the U.S. economy to create 23 million new jobs. It took the coronavirus pandemic just a month to destroy almost as many.The government on Thursday reported that another 5.25 million people applied for unemployment benefits in the second week of April, bringing new jobless claims in the past month to 22 million. Extrapolating from the information, Wall Streeteconomists estimate the unemployment rate has leaped to record 15% or even higher.Read:The mind-boggling deluge of layoffs suggests the lost jobs nearly match all the employment gains since the end of the Great...

marketwatch.com
Jeffry Bartash
Apr 16
Worthy
Share
Save
Give Tip
Review
OUTLETS
marketwatch.com

marketwatch.com

CRITIC
N/A
No Rating
USER
img-trusted
88%