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Sunday, June 13, 2021

US economy


US jobless claims drop to 385,000, another pandemic low

June 03, 2021 7:06 pm

The Labour Department said Thursday that jobless claims dropped to 385,000, down 20,000 from the week before.

Covid trauma has changed economics - maybe forever

June 01, 2021 12:05 pm

In 2020, when the pandemic hit and economies around the world went into lockdown, policymakers effectively short-circuited the business cycle without thinking twice.

US GDP increases at 6.4% in the first quarter

April 30, 2021 10:43 am

The massive fiscal stimulus and easing anxiety over COVID-19, with all adult Americans now eligible for vaccination against the virus, have resulted in a faster economic rebound in the United States compared to its global rivals.

China to overtake US as largest global economy by 2028 — report

December 26, 2020 3:35 pm

The quickened pace has been attributed to the difference between Beijing and Washington's response to the coronavirus pandemic and the recovery that followed.

China's economy set to overtake US earlier due to covid fallout

December 26, 2020 11:50 am

World Economic League Table, the consultancy also calculated that China could become a high-income economy as soon as 2023.

Joe Biden vows to strengthen economy despite exploding pandemic

November 17, 2020 9:58 am

Biden, who will take office on Jan 20, offered an optimistic assessment of the next four years during a meeting with several business and labor leaders ahead of an afternoon economic address from his makeshift headquarters in Delaware.

US Elections 2020: For first time Indian-American voters, racial equality, economy on top of mind

November 02, 2020 11:52 pm

Indians form the second largest group of immigrants who have got citizenship in the US in the last four years.

Trump and the US economy: What can he take credit for?

October 29, 2020 6:08 pm

Donald Trump promised to tear up trade deals and bring back jobs to the US Rust Belt lost to globalization. Pandemic aside, the American economy has boomed since 2016, but how much is down to the president's policies?

Joe Biden's economic plan: Will it convince American voters?

October 29, 2020 6:01 pm

The Democratic Party's White House nominee is polling ahead of Trump, but the president is seen as stronger on the economy. Joe Biden has a week to convince voters he can beat the pandemic and turn around US fortunes.

Anxious for a lifeline, the US economy is left to sink or swim

October 08, 2020 9:58 am

American households and businesses have gone two months without the enhanced unemployment benefits, low-interest loans and other programs that helped prop up the economy in the spring.