marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
unemployment
09/25/2020
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By Zoey Sky
As extra unemployment benefits run out, laid-off workers scramble to look for jobs amid coronavirus pandemic
The Wuhan coronavirus (COVID-19) pandemic has been hard on everyone, but laid-off workers in America have been struggling the hardest. While a short term extension of relief has helped them put food on the table, many unemployed Americans are struggling to look for jobs as extra unemployment benefits are starting to run out. Running out […]
08/11/2020
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By Ethan Huff
Unemployment now at Great Depression levels, food inflation soaring
Ever since pretty much all of America shut down back in late February and early March due to fears about the Wuhan coronavirus (COVID-19), tens of millions of Americans have lost their jobs and food prices for everyone have continued to soar. Rivaling what transpired during the infamous Great Depression, everyday Americans are now finding […]
08/08/2020
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By News Editors
The economic depression of 2020 is becoming an endless nightmare for millions of Americans
You may have noticed that a lot of people get offended by what I write. It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can. But it is undeniable that my articles about our ongoing economic collapse directly contradict […]
07/13/2020
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By Franz Walker
OECD urges governments to scale back coronavirus-related wage subsidies
The Organization for Economic Cooperation and Development (OECD) is now asking governments to stop wage subsidies meant to keep workers employed to encourage these workers to move out of shrinking sectors. This is despite the organization still encouraging governments to continue paying unemployment benefits. Founded in 1961, the 37-member OECD’s job is to stimulate economic progress and world […]
06/05/2020
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By News Editors
The national debt clock is flashing a major red alert
The National Debt Clock is flashing a major warning, Red Alert! this morning while working on another article I happened to glance at this indicator and recoiled in horror. While most people are aware the national debt has exploded, it brought my focus back to this subject. Many of us that watch the economy closely […]
05/29/2020
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By Tracey Watson
The coronavirus crisis has resulted in the worst unemployment spike in American history
President Trump has been pushing hard for some time now for governors to throw away the keys on their states’ lockdowns and get the economy moving – and fast. There can be no doubt that President Trump is under immense pressure to provide financial relief for the American people. His stress levels can certainly not […]
05/15/2020
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By Franz Walker
Nearly 3 million jobless claims filed last week as coronavirus continues to ravage the economy
A total of 2.981 million Americans filed for unemployment insurance this past week, the Department of Labor reported Thursday. The figure raises the eight-week total for jobless claims to more than 36 million, by far the biggest loss in U.S. history. Last week was the sixth straight week in which new jobless claims have fallen. However, claims remain […]
05/13/2020
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By Tracey Watson
California becomes the first state to borrow money from the federal government to pay unemployment claims
With millions of Americans filing for unemployment benefits as the COVID-19 pandemic decimates the economy, states have come under increasing pressure to find the money to pay these claims. As reported by CBS Sacramento, California has become the first state to borrow from the federal government to meet these demands, with the Employment Development Department […]
04/24/2020
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By Franz Walker
Coronavirus pushes unemployment to highest levels since the Great Depression
The global coronavirus (COVID-19) pandemic has pushed one in six Americans out of a job, swelling unemployment numbers to levels not seen since the Great Depression, according to new data released Thursday. According to the Department of Labor‘s weekly report on unemployment insurance claims, 4.4 million Americans filed for unemployment benefits last week. This means […]
04/23/2020
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By Ralph Flores
New CARES Act only cares about big corporations – local restaurants walk away with NOTHING
The coronavirus (COVID-19) may have currently infected over 830,000 Americans and caused 45,638 deaths, but that won’t stop corporations from making sure they come out on top – even if it means taking money meant for smaller businesses. Case in point: Big restaurant chains like Shake Shack, Potbelly and Ruth’s Chris Steak House walk away with tens […]
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