The “official” unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported earlier this month. But CNBC explains Why the real unemployment rate is likely over 11%: That’s the lowest rate since unemployment exploded in April, to levels unseen … Read more
James Carville was right in 1992, and he still is today: “It’s the economy, stupid.” After Democrats in the House passed the HEROES Act back in May, the “Grim Reaper” of the Senate legislative graveyard announced, “I don’t think we have yet felt the urgency of acting immediately. That time could develop, but I don’t think it … Read more
Last week, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin agreed to pursue a “clean” continuing resolution (CR) for the federal budget to avoid a government shutdown at the end of the month. The length of the CR and other “tweaks to spending provisions and temporary extensions of expiring programs, which often ride on a … Read more
The coronavirus pandemic continues to take a toll on employment. The Washington Post reports today, Some 881,000 people claimed jobless benefits last week as labor market continues to reel from pandemic: More than 800,000 new claims for unemployment insurance were filed last week — a sign of the coronavirus pandemic’s continued pressure on the labor … Read more
INTRODUCTION The vast majority of Department of Veterans Affairs prescriptions are fulfilled by mail. But as U.S. Postal Service delays mount, more and more veterans are reporting long wait times to receive critical medication and VA staff says the problem is only growing. As veterans and VA staff report USPS prescription delays, officials say order … Read more