Daily Archive: November 15, 2020

Not everyone is feeling the recovery: The economy as told by 8 charts

Even with positive developments on the vaccine front, the pandemic is far from over: On Thursday, new confirmed COVID-19 cases in the United States hit a daily record of over 150,000.

But on the economic front, we’re continuing to see improvement. As states eased lockdown restrictions in the spring and summer, the economy switched from the worst contraction in history to one of the fastest recoveries. Indeed, the unemployment rate that hit a peak of 14.7% in April has since come down to 6.9% as of October.

That said, we aren’t out of the woods yet. More business failures are on the way as companies hardest hit by the pandemic run out of cash. Not to mention the weak labor market makes it hard for the employed to get raises and the millions of unemployed Americans to find a paycheck. We’re in recovery, but not all of … Read More

Trump in tweet says Biden ‘won’ but reiterates false claim election was rigged By Reuters

© Reuters. U.S. President Donald Trump arrives to the White House, in Washington

WASHINGTON (Reuters) – President Donald Trump appeared on Sunday to publicly acknowledge for the first time that his Democratic rival Joe Biden won the Nov. 3 U.S. presidential election, but reiterated his false claims that the vote was rigged.

“He won because the Election was Rigged,” Trump tweeted.

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