A recent survey of purchasing managers across the globe claims the U.S. economy could take nearly ten years to recover from the effects of the COVID-19 pandemic and shutdowns.
The coronavirus is fast becoming a threat to our economy and leading us to a potential recession. (Photo : Pixabay/StockSnap) Coronavirus has killed more than 4,000 people worldwide, and it is also killing the global economy.
Latino-owned businesses are positively contributing to the US economy. (Photo : Reuters) According to an article published in 2018, the 4. 4 million businesses in the US that are Latino-owned are contributing $700 billion to the economy of the United States of America every year.
Latino business owners have been making significant strides in the landscape of American business and their companies are emerging as a strong driving force in the American economy as well as the national political landscape. In response to these successes, a number of prominent Hispanic leaders have formed an organization, The National Association of State Latino Chambers of Commerce (NASLCC) to assist in continued advancement on this business front.
According to a statement from Jason Furman, “Real GDP growth in the second quarter was revised up for a second time, as consumers spent more and businesses invested more than previously estimated.”
Groundbreaking and building permits both jumped in September Contractors are getting more building permits and breaking ground on more homes as the U. S.
Economists say the labor market is likely strengthening The number of new jobless claims in the U. S. fell again last week, likely suggesting that employers are slowing layoffs and that the economy is improving.
Job report could point to a firming of the labor market Less Americans than expected filed new claims for unemployment benefits last week, indicating that job growth may be speeding up in the U.
Numbers show that housing recovery continues New single-family home sales in the U. S. jumped last month to the highest level in more than six years, well outpacing economists' predictions.
July data was revised to make that month more positive The number of building permits and housing starts in the U. S. dropped sharply in August, falling short of economists' already tempered expectations.
Economists were expecting more jobs in August U. S. employers added 142,000 jobs in August, which was the lowest level of job growth in 2014 and fell well short of economists' projections.
Despite increase in consumer prices, economists say the market has momentum After two straight months of declines, U. S. housing starts bounced back sharply in July, suggesting that the economy is gaining some momentum, according to a Reuters report based on Commerce Department data.
Ownership rate has fallen nearly 5 points since 2004 high The American dream of owning a home appears to be eroding, as fears from the recession linger and people are increasingly choosing to rent, according to a Reuters report.
Unemployment dropped to 6.1 percent, numbers not seen since 2008. The U. S. economy has seen unprecedented job growth this year and that will benefit both the economy and the unemployed if the trend continues.
