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“#684K filed in drop below pre-COVID record” The number of Americans seeking unemployment benefits dropped last week to its lowest level since the start of the coronavirus crisis, the feds said Thursday. Last week’s 684,000 initial jobless claims brought the total for the COVID-19 pandemic to more than 82.5 million — a number more than…
“#The world needs social democracy now, more than ever” Ed Broadbent: Just as a better world emerged after the Great Depression, we now have an opportunity to create a country that works for all Canadians. Here’s how to do it. Ed Broadbent is the Chair of the Broadbent Institute and author of the Broadbent Principles…
“#The Conservative convention: Erin O’Toole pitches for right now” Andrew MacDougall: O’Toole is betting Canadians will first want to walk back to pre-pandemic normal—jobs and security—before running for any kind of imagined future Andrew MacDougall is a director at Trafalgar Strategy, and a former Head of Communications to Prime Minister Stephen Harper So much of…
“#770,000 filed a year into COVID crisis” The number of workers seeking unemployment benefits stubbornly increased last week as the labor market’s coronavirus crisis reached the one-year mark, the feds said Thursday. The latest batch of 770,000 initial jobless claims brought the total for the COVID-19 pandemic to nearly 81.9 million — a number equivalent to…
“#Fed expects to keep its key rate near zero through 2023” The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation. With its brightening outlook, the Fed on Wednesday significantly upgraded its…
“#Stimulus potholes aplenty thanks to infrastructure red ink from Democrats” “Everyone is now excited about infrastructure,” a Democratic Party operative with ties to Wall Street declared late last week following passage of President Biden’s vacuous, $1.9 trillion stimulus bill. When pressed by Lydia Moynihan of Fox Business on who “everyone” actually is, the operative rattled…
“#Biden’s COVID-relief bill is neither a COVID nor a relief bill” Joe Biden has signed what may well end up being the biggest accomplishment of his presidency, an enormous $1.9 trillion COVID-relief bill. With his other priorities likely to molder in the Senate, the spending will probably stand as a signature statement of Biden’s approach…
“#712,000 filed as COVID recovery continues” The number of Americans seeking unemployment benefits fell for the third time in four weeks as businesses continued to recover from coronavirus lockdowns, the feds said Thursday. Last week’s 712,000 initial jobless claims nevertheless brought the total for the COVID-19 pandemic to more than 81 million — a number nearly…
“#Stimulus bill will help politicians — not working Americans” Congress and the president are on the verge of enacting a third “stimulus” bill, costing taxpayers $1.9 trillion. The “American Rescue Plan” comes on the heels of a second “stimulus” passed in December, which cost about $1 trillion, and the first one in March that amounted…
“#379K jobs added, 6.2 percent unemployment” American employers went on a stronger-than-expected hiring spree in February as a sharp drop in coronavirus infections and rising vaccinations loosened the pandemic’s grip on the labor market. The US economy added 379,000 jobs last month, beating economists’ estimates for a gain of 171,000 on the heels of January’s addition…