US economy contracts by 33%
The US economy has contracted by a whopping 33 per cent annual rate in the April-June quarter, which has been the worst drop ever. This dismal performance is attributed to the viral outbreak which leads to the shutting down of businesses and tens of millions of layoffs with unemployment rising to 1 ...
People receiving unemployment aid decreases below 20 million
A good sign of slow recovery for the uS economy and job market as the weekly unemployment claims totalled 1.48 million last week, which was worse than the 1.35 million expectation set by Wall Street. The continuing claims dropped by 767,000 to 19.52 million. California was the state with the highes ...
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