Weekly Unemployment Claims Skyrocket –

This week’s unemployment report from the Bureau of Labor Statistics was released yesterday with new jobless claims setting an all-time record. In the wake of the COVID-19 pandemic shutting businesses down across the country, the BLS reported a seasonally-adjusted total of just under 3.3 million individuals filed new claims for the week ending March 21,…

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Strong Economy – Through February Anyway

We all know how the economy has tanked over the past week or so as a result of the coronavirus, but according to the Bureau of Labor Statistics (BLS), it was still going gangbusters through February. The BLS reported the addition of 273,000 new non-farm jobs in February with the unemployment rate remaining steady at…

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Miscellaneous

FRANdata last week released its Franchise Business Economic Outlook 2020 and predicted that the franchise industry will continue with its economic boom throughout this year. The report, done in conjunction with the International Franchise Association (IFA), projects a 1.5% increase in the number of franchises, growing to over 785,000 by year-end. In addition, it projects…

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Miscellaneous

According to numbers released by the Bureau of Labor Statistics (BLS) last week, there were almost 900,000 job openings in the leisure and hospitality industry as of the end of August, a reduction of almost 100,000 from the same time last year. That said however, there was also other very good news on the average…

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The Economy and Job Creation

The Bureau of Labor Statistics (BLS) is scheduled to release the September jobs report later this morning, but heading into today, it is projected in many circles that the economy will have added 147,000 non-farm jobs last month. Private payroll firm ADP released their monthly report which showed the addition of 135,000 jobs in September,…

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Miscellaneous

The US Bureau of Labor Statistics (BLS) last week reported that the economy is still chugging along with 196,999 jobs added in March, a six-fold increase over the revised figure of 33,000 jobs created in February. Some economists read the dismal February numbers as an indication the economy was slowing, but the bounce back in…

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