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US consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from …
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The number of Americans put out of work by the coronavirus crisis grew to 26.4 million last week as another 4.4 million people applied for unemployment benefits, new federal data show. That suggests the pandemic has more than wiped out the 22.1 million jobs the US economy had added since October 2010, when the nation …
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In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert is strolling in Las Vegas with two Wall Street colleagues who are elated about all the money they made betting that the US economy was in trouble. Their bet, of course, was that problems with mortgage-backed securities would hurt …
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More than 6.6 million people applied for unemployment benefits last week as the coronavirus crisis put nearly 17 million Americans out of work in just three weeks, new federal data show. Last week’s seasonally adjusted total added to an unprecedented surge in initial jobless claims as the pace of filings barely slowed from a record-shattering …
US consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from …
