US Retail Sales Rose 1.2% In July: American Consumerism Has Staged a Rapid Comeback

Americans are no stranger to Layoffs and unemployment in the past. They have stoically faced these hardships, and signs of recovery from the present COVID pandemic are also visible. CNN Business reports that American consumerism is making a comeback. Millions of Americans have lost jobs during the Coronavirus epidemic. Many are struggling to pay their […]

US Weekly Jobless Claims Fell Below 1 Million, The First Time Since Mid-March

CNBC reports that U.S. weekly jobless claims fell below 1 million, the first time since mid-March. It is a good indicator of an economy slowly finding its feet after the pandemic. Economists surveyed by Dow Jones revealed a decline of 228,000 from the previous week’s total. First-time unemployment insurance claims in the last week were […]