Poverty rate fell in The United States despite the pandemic
Last year even as the pandemic raged on, the poverty rate fell in The United States. Through a massive federal aid and relief system, the country was able to get above what is considered one of the greatest economic contractions to hit the world. Even though most people lost their jobs, the poverty ...
Top economists see slowing economic recovery
“Since the pandemic is still raging, there’s a high degree of uncertainty about the future direction of the economy,” says Mark Hamrick, Bankrate’s senior economic analyst. “But we have reason for hope. Some improvement is expected over the coming year, but the recovery will be uneven with respect ...
Why the US economy will take off in 2021?
The American economy was jolted by three major things in 2020 - COVID 19, the racial unrest, and an election that created a huge divide. This put the US economy to a screeching halt making it difficult for people from all walks of life. However, the story of 2021 could be very different. It could b ...
US economic restart, recovery will continue into 2021
The economic outlook and employment rate has been severely affected by the virus-induced lockdown and restrictions. With the resurge in the cases, things don't seem to go back to how one would have anticipated any time soon. The Kelley School of Business forecasted in November the U.S. economy rest ...
America is coming up short on jobs
Economists had anticipated the addition of 469,000 jobs in America for November. However, the official numbers by the Bureau of Labor Statistics were nowhere near these predictions. A total of 245,000 jobs were added in November as reported. It has been 8 months since the virus has brought the econ ...
Will create recovery for all: Biden
US President-elect Joe Biden on Tuesday introduced his high-profile and experienced team to the nation and is quite confident that it will create recovery for all and get the country's economy moving again. We will create jobs, raise incomes, reduce drugs prices, advance racial equity across the ec ...
Entrepreneurs and Small Businesses Are Vital to Our Economy
While the operational aspects and thinking might vary between entrepreneurs and small businesses, both have somewhat similar needs. Both of them also play a vital role in the economy. We're at that stage where entrepreneurs and small businesses contribute significantly in terms of job creation as w ...
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