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Senator Cory Gardner (R., Colo.) has joined the effort by Senator Josh Hawley (R., Mo.) to pass legislation that would see the federal government essentially pay the salaries of workers laid off during the coronavirus pandemic. Hawley’s “Rehire America” plan would pay up to 80 percent of wages for employees that have been laid off. …
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Close to three million people filed jobless claims in the past week, bringing the total number of unemployed Americans to 36 million. Some 21.8 percent of the American workforce is now unemployed, a result of mass business closures imposed to mitigate the spread of coronavirus. While the closures initially hit retailers, restaurants, and the hospitality …
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FBI agents served a warrant at Senator Richard Burr’s (R., N.C.) Washington, D.C., home on Wednesday and confiscated his cell phone as part of an investigation into stock trades the senator made before the coronavirus pandemic sent Wall Street crashing. A spokesperson for the senator declined to comment to reporters regarding the developments, according to …
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An Australian MP said China’s ban on Australian beef exports is punishment for the Australian prime minister’s proposed international inquiry into the origins of the coronavirus. “It’s a bastard act,’’ Liberal-Nationals MP George Christensen said. “It’s just wrong. China has just gone into full, bullying, threatening, coercion mode. That’s what I think.” Australia is set …
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U.S. unemployment hit 14.7 percent in April amid the coronavirus pandemic, the highest unemployment rate since the Great Depression. The Bureau of Labor Statistics (BLS) reported Friday that the country lost 20.5 million jobs in April, “with particularly heavy job losses in leisure and hospitality.” The 10.3-point increase the unemployment rate from March to April …
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The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week – reflecting data going back 80 years – as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand. Last week, the U.S. rig count was just four …
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The Department of Labor revealed Thursday that an additional 3.2 million Americans filed new jobless claims last week, bringing the total number of Americans seeking unemployment benefits to over 33 million since mid-March. The data aligned with predictions from economists, who expected 3 million new claims for the week ending May 2, and suggested numbers …
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A group of GOP Senators is asking President Trump to ramp up his recent “pause” on immigration to include a prohibition on guest-worker visas, citing rising levels of American unemployment amid the coronavirus pandemic. Senator Tom Cotton (R., Ark.), joined by Senators Josh Hawley (R., Mo.), Ted Cruz (R., Texas), and Chuck Grassley (R., Iowa) …
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The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus. The problems relate to how Americans view the role of government in their lives and to the belief that government money can always fix problems. Let’s Look at the Money Issue First The immediate reaction of our …
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Private payrolls dropped by more than 20 million in April as the economy ground to a halt due to lockdown orders that caused businesses to close their doors and hemorrhage employees. U.S. companies lost a total of 20,236,000 jobs last month, according to data released Wednesday by the ADP Research Institute. The total easily beats the …
Senator Cory Gardner (R., Colo.) has joined the effort by Senator Josh Hawley (R., Mo.) to pass legislation that would see the federal government essentially pay the salaries of workers laid off during the coronavirus pandemic. Hawley’s “Rehire America” plan would pay up to 80 percent of wages for employees that have been laid off. …
