Jobless Numbers Trend Upwards as 885,000 Initial Jobless Claims Filed Last Week. 48,341 in California Alone

Jobless Numbers Trend Upwards as 885,000 Initial Jobless Claims Filed Last Week. 48,341 in California Alone

Washington, DC…In the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 853,000 to 862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous week’s revised […]

COVID-19 Vaccine Candidate Found to be More than 90% Effective in Preventing COVID-19

COVID-19 Vaccine Candidate Found to be More than 90% Effective in Preventing COVID-19

New York, NY & Mainz, DE– Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced their mRNA-based vaccine candidate, BNT162b2, against SARS-CoV-2 has demonstrated evidence of efficacy against COVID-19 in participants without prior evidence of SARS-CoV-2 infection, based on the first interim efficacy analysis conducted on November 8, 2020 by an external, independent Data Monitoring Committee […]

Gross Domestic Product, 2nd Quarter 2020 Drops 32.9%, U.S. Economy Shrinks By Almost a Third

Gross Domestic Product, 2nd Quarter 2020 Drops 32.9%, U.S. Economy Shrinks By Almost a Third

Washington, DC…Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update. Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The […]

President Trump on COVID-19 Vaccines, Testing, Therapeutics & More from North Carolina

President Trump on COVID-19 Vaccines, Testing, Therapeutics & More from North Carolina

Morrisville, North Carolina…Thank you very much. Great to be in this wonderful state. So many friends, so much success, and we love being here. And we’re here, actually, today to discuss the exciting progress that we’ve achieved under the Operation Warp Speed — our historic initiative to develop, test, manufacture, and deliver a vaccine in […]

Reader’s Digest Reveals the 50 “Nicest Places in America 2020

Reader’s Digest Reveals the 50 “Nicest Places in America 2020

New York, NY….Reader’s Digest unveiled today the 50 Nicest Places in America 2020: United in Kindness, stories of communities in every state where people have come together to make each other’s lives better. In response to the fourth annual search, conducted in partnership with neighborhood platform Nextdoor, readers submitted a record 1,177 stories of solidarity and hope as […]

2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

Washington, DC…Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and […]

2,123,000 Jobless Claims Last Week, Down 323,000 From Previous Week

2,123,000 Jobless Claims Last Week, Down 323,000 From Previous Week

Washington, DC…The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week’s […]

President Trump in Meeting on Opportunity Zones

President Trump in Meeting on Opportunity Zones

Washington, DC…Okay. Thank you very much. We’re here talking about Opportunity Zones and other things having to do with economic development and also the inner cities. And Tim Scott — Senator Tim Scott of South Carolina has been with us on Opportunity Zones from day one. He first approached me and he mentioned it, and […]

Telsa Files Lawsuit in Federal Court in Battle to Restart Production

Telsa Files Lawsuit in Federal Court in Battle to Restart Production

Palo Alto, CA…Tesla released the following yesterday on their reopening efforts and lawsuit filed…”Tesla is the last major carmaker remaining in California, and the largest manufacturing employer in the State with more than 10,000 employees at our Fremont factory and 20,000 statewide. We understand the impacts COVID-19 has caused and have a responsibility to look […]