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New job statistics show record-shattering unemployment rates

Friday job statistics release continue showing disheartening results as the whole number of non-farm payroll employment reached 20.5 million in April. According to the US Bureau of Labor Statistics this shows an unemployment rate...

Quarterly GDP data confirm fears and spark response from central banks

According to new government data the US GDP fell 4.8% for Q1 of 2020 per a report by the Bureau of Economic Analysis. Final revisions are still unclear, but further drops may be recorded. It was previously expected...

Governments respond to job market crisis amidst uncertainty

While the global SARS pandemic has not eased its’ grip on the population at large economy experts and leaders on both sides of the Pond are working on stimulus packages for both businesses and individuals that would, hopefully,...

April futures saw the oil tumble at below sea level prices for the first...

A historic drop in the price of the WTI crude oil below 0 has shocked the markets and has signified exactly how stagnant the present economy is. A number of factors have contributed to a global demand slowdown...

On Labour Day the economy is still struggling to find a solution

The virus continues to impact the number of initial claims and insured unemployment across the globe. Across the US in the week ending April 25, the advance figure for seasonally adjusted initial claims was 3,839,000, a decrease of...
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