Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two days later, the White House declared it a national emergency. Businesses and schools were forced to close, shelter-in-place mandates were … [Read more...]
“Just the Facts Ma’am”: Unemployment
So what is going on? That’s what this series is about and let’s get right into it; as Joe Friday said, “Just the Facts Ma’am”. So, what is going on with unemployment? If we look at the numbers provided by the Bureau of Labor Statistics, we can graph their findings and have a much better idea of what has been going on. In March, around 7 million people were claiming unemployment nationwide. More recently, that number is down to 750,000. To be honest, we have been hovering in that area … [Read more...]
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