Economy

“Layoffs Are Just Starting, and the Forecasts Are Bleak”

“Marriott International, the hotel operator, said Tuesday that it would begin furloughing tens of thousands of employees worldwide. Restaurants, coffee shops, gyms and other small businesses have begun laying off workers outright. On Monday, a flood of inquiries from newly… Continue Reading…

Banking, Economy

“The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond”

“In an announcement Friday, the central bank said it was accelerating to Friday purchases it announced a day before. The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile… Continue Reading…

Economy

“Trump to fight coronavirus economic impact with payroll tax cut proposal and other programs”

“President Trump and his coronavirus task force spoke to the nation again Monday night and spoke of  “major” and “very dramatic” economic plans as a result of the coronavirus outbreak. Trump said he would go to Capitol Hill on Tuesday and ask for Congress to approve a… Continue Reading…

Economy

“Private payrolls up 183,000 as hiring shows no signs of coronavirus scare”

“U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from… Continue Reading…

Business, Economy

“Small business confidence rises, signaling a more positive outlook for the US economy”

“Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as… Continue Reading…

Economy

“Top 5 best state economies”

“Massachusetts The unemployment rate in Massachusetts was 2.9 percent as of November, below the national rate of 3.6 percent. The average annual wage as of 2018, was $63,910, and $121,350 for those earners in the 90th percentile… Colorado The unemployment rate… Continue Reading…

Economy

“The U.S. Treasury Just Sold 30-Year Bonds at a Record-Low Yield. Demand ‘Was Amazing.’”

“The U.S. Treasury sold $19 billion of long-term bonds with a record-low yield of 2.061% on Thursday. Not only that, but investor demand was the highest for any sale of a new bond since August 2014, according to Tom Simons… Continue Reading…

Economy

“Federal Taxes and Spending Set Records Through January”

“The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first four months of fiscal 2020 (October through January), according to data released today in the Monthly Treasury Statement.… Continue Reading…

Economy

“63.4%: Labor Force Participation… As Labor Force Grows by 574,000”

“…In January, the civilian non-institutional population in the United States was 259,502,000. That included all people 16 and older who did not live in an institution (such as a prison, nursing home or long-term care facility). Of that civilian non-institutional… Continue Reading…

Economy

“New High of 90% of Americans Satisfied With Personal Life”

“Nine in 10 Americans are satisfied with the way things are going in their personal life, a new high in Gallup’s four-decade trend. The latest figure bests the previous high of 88% recorded in 2003… These results are from Gallup’s… Continue Reading…