Sylvan Lane
Sylvan Lane
CRITIC
N/A
No Rating
0 reviews
USER
N/A
No Rating
0 reviews
RECENT ARTICLES
gold-cheese58%
Spiking coronavirus cases threaten fragile recovery

Spiking coronavirus cases threaten fragile recovery

Follow Us   © 1996-2020 News Communication RisingChanging AmericaRisingDon't miss a brief.The Hill 1625 K Street, NW Suite 900 Washington DC 20006 | 202-628-8500 tel | 202-628-8503 faxThe contents of this site are ©2020 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.

thehill.com
Sylvan Lane
Jun 28
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
Small businesses falling behind in economic recovery

Small businesses falling behind in economic recovery

Follow Us   © 1996-2020 News Communication An unprecedented flood of federal support may have helped larger companies stay afloat, but small businesses and poor households continue to face severe economic pain, suggesting the recovery from the coronavirus-fueled recession will be slow and uneven. The federal government has deployed trillions of dollars in economic rescue through direct financial aid approved by Congress and emergency loans and asset purchases by the Federal Reserve. The record-shattering price tag of the coronavirus recession response is widely credited for keeping...

thehill.com
Sylvan Lane
Jun 21
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
Job gains show signs of widening racial divide

Job gains show signs of widening racial divide

Follow Us   © 1996-2020 News Communication © Getty ImagesThe rising tide of the U.S. labor market is failing to lift all boats.African Americans were largely left out of the surprising job gains in May, highlighting long-standing obstacles and new threats facing black workers amid the pandemic recession.Not all economists were completely shocked by the Labor Department figures, though.“Many of us who work in racial disparities were predicting that white workers would be absorbed at a faster rate, and therefore we would start to see the gap between black and white unemployment increase...

thehill.com
Sylvan Lane
Jun 10
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
In surprise, unemployment rate falls, economy adds jobs

In surprise, unemployment rate falls, economy adds jobs

Follow Us   © 1996-2020 News Communication In a surprise, the U.S. added 2.5 million jobs in May and unemployment dropped to 13.3 percent as businesses begin to reopen after coronavirus-related closures, according to data released by the Labor Department on Friday.The numbers shattered economist expectations that there would be another steep rise in joblessness.The May jobs report showed one of the largest one-month spikes in hiring in U.S. history after the country lost 20.7 million jobs in April, sending the unemployment rate to 14.7 percent, according to the Labor Department.Economists...

thehill.com
Sylvan Lane
Jun 5
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
Less than 40 percent of small businesses have received emergency coronavirus loans: Census Bureau

Less than 40 percent of small businesses have received emergency coronavirus loans: Census Bureau

Follow Us   © 1996-2020 News Communication © Getty ImagesThe PPP was created through the Coronavirus Aid, Relief and Economic Security (CARES) Act to help small businesses closed or suffering during the pandemic retain their employees and keep them off of unemployment insurance. The program offers loans intended to cover eight weeks of payroll and 25 percent of overhead costs, and can be forgiven up to 100 percent if spent according to those terms.RisingChanging AmericaRisingDon't miss a brief.The Hill 1625 K Street, NW Suite 900 Washington DC 20006 | 202-628-8500 tel | 202-628-8503 faxThe...

thehill.com
Sylvan Lane
May 14
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
Job losses approach Depression territory as election looms

Job losses approach Depression territory as election looms

Follow Us   © 1996-2020 News Communication © Getty ImagesThe economic damage of the coronavirus was laid bare Friday when the Labor Department reported the worst job losses since the Great Depression, jolting the race for the White House less than six months before Election Day.The pandemic and the desperate scramble to contain it have wiped out at least 21.4 million U.S. jobs in just two months, including a record-breaking loss of 20.5 million jobs in April alone.The unemployment rate jumped from a 50-year low of 3.5 percent in February to 14.7 percent in April, the highest since...

thehill.com
Sylvan Lane
May 9
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
3.2 million more Americans file new jobless claims amid coronavirus downturn

3.2 million more Americans file new jobless claims amid coronavirus downturn

Follow Us   © 1996-2020 News Communication © Getty ImagesThe insured unemployment rate stands at 15.5 percent as of April 25, according to the Labor Department, though some economists estimate the real-time unemployment rate to be above 20 percent. “The people of our country are warriors,” Trump said Tuesday during a trip to Arizona. “I'm not saying anything is perfect. And yes, will some people be affected? Yes. Will some people be affected badly? Yes. But we have to get our country open and we have to get it open soon.” Updated at 9:24 a.m.RisingChanging AmericaRisingDon't miss a...

thehill.com
Sylvan Lane
May 7
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
4.4 million more people filed for weekly unemployment claims

4.4 million more people filed for weekly unemployment claims

Follow Us   © 1996-2020 News Communication "While this is the fourth consecutive drop in UI claims since the peak at the end of March, that is of little comfort to the 26 million Americans ... who have filed for unemployment insurance since the crisis began," said Daniel Zhao, senior economist at Glassdoor.And even with the slowing pace of new claims, economists warn that the U.S. is of the historic downturn driven by the pandemic. wrote RSM chief economist Joe Brusuelas in ."Over the past five weeks, the U.S. economy has shed 26.45 million jobs, which is larger than the 21.6 million jobs...

thehill.com
Sylvan Lane
Apr 23
Worthy
Share
Save
Give Tip
Review
gold-cheese40%
Small business loan program out of money amid impasse over new funds

Small business loan program out of money amid impasse over new funds

Follow Us   © 1996-2020 News Communication The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dry as Republicans and Democrats squabble over how to replenish the relief program.The Treasury Department and Small Business Administration (SBA) have tapped the entirety of funding allotted for the Paycheck Protection Program (PPP), which offers forgivable loans to small businesses intended to keep workers on the payroll and small firms from going under."The SBA is currently unable to accept new applications for the Paycheck...

thehill.com
Jordain Carney
Apr 16
Worthy
Share
Save
Give Tip
Review
gold-cheese58%
Stocks suffer worst losses since 1987 crash amid coronavirus panic

Stocks suffer worst losses since 1987 crash amid coronavirus panic

Follow Us   © 1996-2020 News Communication Stocks cratered Thursday as the escalating coronavirus pandemic and lingering questions about ’s response drove the worst day of losses for Wall Street since the 1987 crash.The Dow Jones Industrial Average closed with a loss of 2,352 points, dropping 10 percent for its steepest loss by percentage since falling 22.6 percent on Oct. 19, 1987.The Dow’s Thursday losses also exceeded its 7.87-percent plunge on Oct. 15, 2008, which was the index’s most recent record for the steepest single-day drop by percentage.The S&P 500 fell 9.5 percent to join the...

thehill.com
Sylvan Lane
Mar 12
Worthy
Share
Save
Give Tip
Review
OUTLETS
thehill.com

thehill.com

CRITIC
img-contested
42%
USER
img-contested
58%