September 18, 2020

In order to assess the state of the economy, analysts often examine how many long-lasting goods are being ordered by retailers and manufacturers. The idea is that companies who are confident enough to stock up on durable goods like appliances and cars are anticipating a consumer base that’s eager to purchase them. This video looks at the durable goods indicator and explains how investors often look beyond it to get a better sense of where the economy is headed.

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August 4, 2020

From April to June 2020, the U.S. GDP plummeted at an annual rate of 32.9 percent, the worst drop on record. As businesses closed across the country due to the pandemic, the U.S. fell into a recession that wiped out the economic gains of the last five years in just a few months. This data released last week by the Commerce Department “just highlights how deep and dark the hole is that the economy cratered into in Q2,” said economist Continue reading

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July 30, 2020

According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that closed during the pandemic will remain shuttered permanently. Although government relief bought some companies time, businesses that are now closed will likely remain that way for the long term. Restaurants account for the greatest share of permanent and temporary closures, followed closely by retailers and then beauty salons and spas. 

“Businesses are needing to decide, ‘Do I renew my lease on Continue reading

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July 28, 2020

Last Friday, a federal moratorium on evictions for tenants in government-assisted housing expired. With eviction moratoriums in many states also at an end, experts fear that millions of Americans could be kicked out of their homes in the coming months. According to one estimate, as many as 40 million people could be evicted during the pandemic. “It’s like nothing we’ve ever seen,” said John Pollock of the National Coalition for a Civil Right to Counsel.

Mass unemployment as a result Continue reading

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July 16, 2020

Nearly four months into the pandemic, millions of Americans are struggling to remain employed. Last week more than 1.5 million people filed for unemployment benefits for the first time, an increase of almost 109,000 from the previous week. The total number of unemployment claims stood at 17.3 million for the week ending in July 4th, with many people also collecting expanded benefits that could soon expire. 

“What we’re seeing is continued, historic elevated rates of job loss in the Continue reading

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Retail sales plummeted during the coronavirus lockdown, which is bad news for more people than just business owners. This video shows how retailers drive economic growth by creating a ripple effect of sales across many different sectors.

Questions:

  1. How do retail sales help drive economic growth?
  2. Why have online retailers seen sales skyrocket during the pandemic?
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During the first six months of 2020, U.S. stock markets went through their biggest quarter-to-quarter swing in more than 80 years. March saw share prices plummet as businesses across the country closed or altered their hours. Then an unprecedented round of economic stimulus from the federal government both halted the sell-off and sent stocks soaring to their best quarterly performance in nearly two decades. 

With much of that relief now set to expire, however, where the markets go next Continue reading

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June 26, 2020

For the 14th week in a row, more than 1 million people filed for unemployment benefits as fallout from the pandemic continues to hurt workers across the nation. The last three weeks have each seen the number of newly unemployed Americans hover around the 1.5 million mark, an ominous sign that economic recovery could still be a long time coming. 

Although some people have returned to work as states reopen, the rising number of coronavirus cases threatens to once Continue reading

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June 25, 2020

After months on lockdown, states across the country have relaxed stay-at-home orders and allowed businesses to gradually resume operations. This slight return to normalcy caused the stock market to rally over the last few weeks to levels approaching its January 2020 highs. But even though many Americans are desperate to return to something resembling normal life, coronavirus remains a dangerous threat to public health. In fact, cases of infection have been steadily rising as states and businesses reopen.

As a Continue reading

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With tens of millions of Americans currently out of work, the U.S. is experiencing an unemployment crisis on a scale not seen since the height of the Great Depression. This video looks at the devastating effects of rising joblessness while also explaining how several European governments intervened to avoid disastrous unemployment rates. 

Questions:

  1. Why is the U.S. unemployment insurance system not equipped to face the current crisis?
  2. Do you think the U.S. should take a more active role in Continue reading
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