(Natural News) The biggest problem with showering the country with money under the guise of trying to provide ‘relief’ for people, whether it’s the economic crisis of 2009 or the Wuhan coronavirus (COVID-19) pandemic, is that such helicoptering of money rarely comes off as efficient. What’s more, when there are literally trillions of dollars up […]

(Natural News) The Department of Labor (DOL) reported Thursday that 5.2 million more people filed first-time unemployment claims last week. The additional claims bring the total number of jobless claims for the week ended April 11 followed the 6.6 million claims reported the week before and bring the total claims filed since the coronavirus crisis forced businesses to close to […]

(Natural News) The Federal Reserve warned Wednesday the impact from the coronavirus outbreak could sink the economy even further. In its Beige Book, which contains anecdotal information on current economic conditions in each of the Fed’s districts, industries affected by the lockdown said that they expect “conditions to worsen in the next several months.” Businesses surveyed in the […]

(Natural News) The unemployment rate in Australia will likely hit 10 percent for the June quarter because of the global coronavirus pandemic. However, early investigations have shown that unemployment levels would have been 5 percent higher had the government not introduced the $130 billion JobKeeper stimulus package. At least 1.37 million Australians will be out of work by […]

(Natural News) Economists from the Federal Reserve predict a wave in coronavirus-related bankruptcies in the next 12 months as the U.S. government continues to struggle with when to reopen the economy, and record numbers of people continue to file jobless claims. The claim was made by no less than three economists from The Fed —  Juan […]

(Natural News) Clarification: The comments about this article led me to realize I didn’t do a good job explaining the timing of all this. The lockdowns are ending May 1st, based on current talk from the White House. Yet the “bailout money” paychecks will keep being paid to people for three additional months (at least), […]

(Natural News) The longer the Wuhan coronavirus (COVID-19) pandemic lasts, the longer governors and mayors will keep ‘stay-at-home’ policies in place, and the longer those last, the longer ‘non-essential’ businesses will be closed and Americans will be laid off from their jobs. And the longer states will be starved for income taxes, which is creating […]

(Natural News) A record-shattering 6.6 million jobless claims were filed last week, according to the Department of Labor’s (DOL) weekly jobless claims report. This is more than double the number reported in the previous week, which itself also broke records. The week before, the DOL already reported a then record-setting 3.2 million jobless claims for the week, […]

(Natural News) To say that the employment situation in America is bad and getting worse is probably the understatement of the year. After mayors and governors have shut down most of their cities and states around the country, ordering businesses deemed “non-essential” to close their doors in an effort to help contain the Wuhan coronavirus, […]

(Natural News) The social distancing measures being put up to try to stop the spread of the coronavirus pandemic have resulted in the worst level of unemployment that the U.S. has seen in a long time. As bad as things are, however, a new estimate by the Federal Reserve is showing that they’re going to get much […]