What's the most critical move the next president should make to restore the country's economic health? Newsweek asked 12 top financial experts to offer the next occupant of the White House their best advice.
White House economic adviser Larry Kudlow says he agrees that another large pandemic stimulus relief bill should be pumped into the economy, but Democrats' nearly $3 trillion proposals are bloated and still include unnecessary unemployment benefits.
First-time unemployment claims increased the most last week in the states of Indiana, Kansas, Illinois and Michigan, with some economists saying the U.S. economy is "running on empty."
The transition rate from temporary to permanent layoffs nearly doubled from June to July.
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi on Sunday offered widely differing views on what to do about the country's more than 30 million unemployed workers.
Approximately 4.9 million furloughed workers were misclassified as employed, according to the Bureau of Labor Statistics.
According to the U.S. Bureau of Labor Statistics, 1.4 million health care workers — many of them nurses — were laid off or furloughed in April, with more than 134,000 of those losses happening in hospitals.
Earlier this month, the U.S. Bureau of Labor Statistics reported that the national unemployment rate had risen to 14.7 percent.
"My guess right now is that it's going to be north of 16 percent, maybe as high as 19 or 20 percent," Kevin Hassett said.
Trump defended his remarks against Elijah Cummings and his Baltimore district as "nothing racist," before then calling Cummings a "racist."
Mid Continent Nail Corporation in Poplar Bluff, Missouri is one of the last remaining nail producers in the U.S.
The unemployment rate held at an eight-year low of 4.9 percent, and the average length of the workweek also fell.
Some GOP candidates say the federal numbers are cooked and underestimate the number of people actually looking for work.
The steadily improving U.S. jobs market could open the door wider to a Federal Reserve interest rate hike in September.
Wage growth is the missing piece of the jobs recovery and without significant increases