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Fed Raises Economic Outlook

The Federal Reserve increased its economic expectations for the end of 2020 as well as 2021 according to the central bank’s Summary of Economic Projections. Now, real gross domestic product is expected to fall only…

Americans Filing for Unemployment Benefits Pass Predictions

As Coronavirus cases spike across the nation and governors impose fresh restrictions the number of Americans filing for first-time unemployment benefits also spiked. Figures released Thursday by the Labor Department show 853,000 Americans filed first-time…

Economy Grows at Record Rate

According to the U.S. Commerce Department, the U.S. economy grew at a record rate during the third quarter. During the three months through September gross domestic product grew by 33.1%. Gross domestic product increased 33.1%…

Economy to Shrink as Covid Spikes New Lockdowns

JPMorgan Chase & Co. predicts the U.S. economy to shrink in the first quarter due to recent spikes in Coronavirus cases across the country. Governors are implementing second rounds of lockdowns and harsh restrictions in…

U.S. Economy Adds Shocking Number of New Jobs…

The Department of Labor released data revealing the U.S. economy added 638,000 jobs in October and unemployment claims dropped to 6.9%. In the third quarter, the U.S. economy surged by a record-breaking 33.1%. Total non-farm…

U.S. Economy Surges at Record-Breaking Rate

The United States economy is bouncing back from the effects of Coronavirus. The Commerce Department released that gross domestic product surged by 33.1% in the third quarter. While the U.S. is still reeling from the…

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Unemployment Claims Drop to Lowest Levels Since March

Unemployment claims have dropped to their lowest levels since Coronavirus caused the economic shutdown in March. While claims for unemployment benefits still remain high, the number has dropped below 800,000 a noticeable improvement, and a…