The vaccine rollout and incoming Democratic administration has Wall Street feeling pretty darn optimistic: Goldman Sachs is even going as far to project 2021 GDP growth of over 6%—which, if it occurred, would be the highest growth rate since 1984. But don’t pencil it in just yet. Look no further than the jobs report on […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Urban traffic congestion declined significantly worldwide in 2020 because of COVID-19 lockdowns and economic slowdowns. But the impact was more persistent in the U.S. than in any other country, according to new research. Of the […]
The streak of seven consecutive months of job growth has come to an end, as the country netted 140,000 lost jobs in December. Those layoffs come at a time when more than 19 million Americans are still receiving unemployment benefits. The good news? Aid is on its way. The $900 billion stimulus package signed into […]
The early months of the coronavirus pandemic saw the U.S. economy plunge at its fastest rate in history. Over a two-month period, the jobless rate shot up from 3.5% in February 2020 to 14.7% in April—its highest level since 1940—while second quarter GDP declined 32.9% on an annualized basis. During this period the Congressional Budget […]