US UNEMPLOYMENT CLAIMS GO UP TO 770,000 AS LAYOFFS REMAIN HIGH

Highlights

• According to the report released by the Labor Department on Thursday, the jobless claims went up to 770,000 from 725,000 the week before

• The average of four weeks claims plunged to 746,000, which is the lowest since late November

• The L...

GET READY FOR ANOTHER GREAT DEPRESSION AS U.S. JOBLESS RATE GOES UP TO 14.7%

Highlights

• Nearly 20.5 million people lost their jobs in the month of April

• Over 33 million Americans have filed for first-time unemployment benefits in last seven weeks

• The U.S. government has announced COVID-19 relief package worth $3.1 trillio...

3.8 MILLION FILE FOR UNEMPLOYMENT BENEFITS,CONSUMER CONFIDENCE TAKES A DIVE

Highlighted:

• The US is facing one of the worst economic times since WW II
• US consumer confidence at a 6 year low

The President of the United States takes a two-day break from the podium in Washington as the country faces a steep increase in unemploym...

UMEMPOYMENT RATE AT 26 MILLION IN US: HOSPITALITY SECTOR SHEDS MOST

Highlights:

• The US is experiencing the most crucial times in terms of unemployment currently
• The pandemic has rendered 26 million jobless
• Trump has signed an executive order to pause immigration visas for 60 days

The US unemployment ratio ...