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Is the U S economy really improving?

“Figures don’t lie, but liars do figure” is a quip attributed to Mark Twain. Case in point: the figures in the U.S. Bureau of Labor Statistics jobs report for July. These state an unemployment rate of 5.4% plus 943,000 new jobs and yet do not accurately reflect what is…

The big drop in American poverty during the pandemic, explained

Coronavirus Economic Weekly News 08August 2021

Written by rjs, MarketWatch 666News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the prospects for an infrastructure bill, stimulus checks, government funding, the Fed, the latest employment data, housing market reports, mortgage delinquencies & forbearance, travel, layoffs, lockdowns, and schools, as well as infrastructure and GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article.

5 4%: Unemployment Rate Drops Half a Point in July, Best Showing Since March 2020

5 4%: Unemployment Rate Drops Half a Point in July, Best Showing Since March 2020
cnsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnsnews.com Daily Mail and Mail on Sunday newspapers.

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