Unemployment

Friday’s Unemployment Report is Just the Tip of a Terrifying Iceberg

Coronavirus-induced unemployment is even higher than the dismal figures out this week show. Several big names announced wide-scale layoffs that won’t show up in unemployment data until later in the month. As the shutdowns persist, we’re likely to see unemployment figures continue to climb. The impact of coronavirus is becoming painfully evident as unemployment numbers…

Why Record Low Unemployment Is Actually Trump’s Worst Nightmare

Trump’s worst nightmare isn’t impeachment. It’s the economy, stupid. But the record-low unemployment rate shouldn’t give Trump nor markets any comfort. Full employment doesn’t signal a strong economy at all. It is actually a historically sure sign that the U.S. economy is teetering on the edge of collapse. In fact, every record low unemployment rate…