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“The good news is that shelter costs slowed down to 0.2%, month-on-month, and 4.9%, year-over-year. However, it also showed that there are still plenty of upside risks for inflation going ...
The April survey showed that “consumers cited prices, especially for food and groceries, as having the greatest impact on their view of the US economy,” Peterson said.
The following table illustrates the impact of the pandemic on key economic measures. February 2020 represented the pre-crisis level for most variables, with the S&P 500 stock market index (a leading indicator) falling from its February 19 peak. From February through June, the number of persons with jobs was down 14.6 million.
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
Michele M. Wucker /’wʊkər/ (born 1969) is an American author, commentator and policy analyst specializing in the world economy and crisis anticipation. She is the author of The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, [1] Lockout: Why America Keeps Getting Immigration Wrong when Our Prosperity Depends on Getting it Right [2] and Why the Cocks Fight: Dominicans ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Just 10 days ago, anxious markets were freaking out about the US economy ...
Studies published in the American Economic Review by Blinder and Watson have analyzed the factors which determine differences between unemployment rates during Democratic and Republican Leadership. They found that the unemployment rate fell under Democratic presidents by an average of 0.8 percentage points, while it increased under Republican ...