Unemployment is nearing Great Depression levels. Here’s how the eras are similar — and different

The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early 20th century in a few ways that may prevent the U.S. from entering another depression. Economy ECONOMY NEWS UPDATE: SPECIAL … Read more…

Jobless claims total 2.4 million, still elevated levels but a declining pace from previous weeks

The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: … Read more…