Surprisingly, despite the fact that the pandemic has been raging for two years, many businesses in America are finding economic success. From the bleak picture formulated in March of 2020, this positive economic news is a welcome surprise for entrepreneurs and workers alike. By changing their business models and leaning in to the niches the pandemic has offered, many companies are meeting with success.
The news is filled with the Omicron variant, which came sweeping through the nation at the most inopportune time, right before the holidays. On the heels of the Delta variant, many people have been forced back into isolation and quarantine. But for holiday shoppers, it was business as usual (and then some), and numbers were good despite the turbulent pandemic news. Americans are learning to live within the variants that keep popping out, and the shopping trends this holiday season bear that out.
For two years, the pandemic has upended life as we know it, but there is one part of the economy that has come out ahead. The private equity realm rebounded from a miserable first half of 2020, and with the ball rolling in a positive direction, they have never looked back. Private equity deals are crushing previous deals and it looks as though the good fortune will continue into the new year.
With the trend toward remote working, office buildings have been left behind while their workers stay home, like dinosaurs rising out of the mist. And with so much of the country still locked in a debate about when and if workers might return to business as usual, the question of what to do with the giant skyscrapers and complexes left behind is of utmost importance. Odds are that the office lifestyle as we knew it is gone forever, and developers will need to get creative to make the best use
For workers who have spent a lifetime paying into a pension program, the countdown to retirement is usually a joyful time. But with the unpredictability of the economic world, especially in terms of the ramifications of the pandemic, and past risky financial moves by employers managing pension accounts, the idyllic retirement scene many workers have hoped for might not come to fruition.
Whether you are trying to stay in a hotel, get your roof fixed, or even eat out at your favorite restaurant, you have probably noticed the lack of workers. There is one glaring reason employers have so many gaps in their staff: There are not enough immigrant workers. The combined effects of the Trump administration shunning immigrants, along with the understandable closing of the border because of the pandemic, have left companies begging for help.
If your turkey and stuffing fixings are costing you more this year as you prepare for the holiday of Thanksgiving, you are not alone. At a 30 year high, inflation has reared its ugly head just as the holidays are approaching, and for those who were already struggling to make ends meet, trips to the grocery store and gas pump will find them tightening their belts even further. Unfortunately, the inflation is not slated to end any time soon.
The American economy has been through the wringer for more than 18 months. And just when things started looking up, the Delta variant reared its ugly head to derail the positive movement of the economy from early in the summer. Fortunately, with schools opening and college students going back to school, the economy received a boost in retail sales that is leaving America in the positive column, despite the setbacks.
At a time when many companies are in crisis, the story for business owners has become even bleaker with the retirement of many Baby Boomers who have chosen to leave the workforce.
When a 20-year war comes to an end, not with a bang but a whimper, it seems as though the Stock Market might react to that major event. But whether the length of the war or the distance from America, when United States President Joe Biden ended the war with Afghanistan a few weeks ago, calling for the removal of all the troops, the Stock Market really didn’t budge.
The current 5.9% unemployment rate, compared to 3.5% before the pandemic, shows that the country is still suffering from joblessness. But the situation becomes more unusual because there are plenty of job openings and a plethora of workers. Unfortunately, the workers who need jobs are not a suitable match for the jobs that are open. Because of this unbalanced equation, the country is finding it difficult to get back on track.
The economy has faced a long road to equilibrium, considering the way the pandemic has pounded it over the last 15 months. But recent reports are all bringing positive news, with many growth indicators back on track and most all showing signs of recovery.
Like a freighter inching through the sea, time seemed to make no progression over the past year of living through Covid-19. A year ago, the country was in the midst of an unemployment peak that had not been felt since the Great Depression. People were scared to leave their houses, even for a quick trip to the grocery store. And there was seemingly no light at the end of the tunnel. Fast forward to today, and the Bureau of Labor Statistics just reported that the unemployment rate
In the pandemic’s aftermath, one unforeseen circumstance is that many businesses are struggling to find workers. Whether people are still worried about Covid-19, forced to stay home to care for people, or do not have the skills they need for certain jobs, many industries such as construction and food service are having trouble filling jobs.
For prospective home buyers, especially those who are trying to purchase their very first home, and for those over 55, buying a new home in 2021 is a difficult proposition. From bark-eating beetles to millennials coming of age to the ramifications of the pandemic, there are many elements working together to raise the prices of new construction.
A year ago, China was at the helm of the world’s economy, but because of a strong vaccination program and an additional March stimulus package, the United States is ready to shoulder the burden of getting the world’s economy back on track after the devastation of Covid-19. Though the lockdowns started similarly around the globe, the United States has set themselves apart from the rest of the world as the world exits the pandemic economy.
One full year has passed since Covid-19 hit the shores of the United States, and along with the virus, unemployment has swept across the nation. For 52 straight weeks, one million people have been forced to seek unemployment assistance. This oppressive statistic represents a country full of individuals and families just trying to survive. Congress was forced to pass the American Rescue Plan Act of 2021 just to keep the nation afloat.
After the appalling year for the oil industry brought about by the worldwide pandemic caused by COVID-19, experts are cautiously optimistic as they continue to roll through 2021. With the onslaught of vaccines and the desire to get back to normal life, all signs indicate an optimist attitude for the oil industry.
In addition to changing the way people live, work, and purchase everything from groceries to computers, the pandemic has had a profound impact on the mortgage rates. Although it seems counterintuitive, record low mortgages have been a real bright spot in an otherwise arduous journey and economy throughout 2020. But the low mortgage rates have swung the pendulum to high buyer demand, and that is just one reason it is likely
Joe Biden knows what it is like to be part of the sandwich generation, stuck in the middle, with both aging parents and children to take care of. And when he takes office in a few short weeks, he wants to work to take the burden off those who are aging and those who are caring for them.
There is nothing more American than apple pie, baseball, and the dream of buying a new home. For many years, however, this dream of becoming a homeowner has been just out of reach for many citizens. Recently, the dream has become more attainable, and both buying and selling homes has increased.
We are in a time of extraordinary uncertainty and turmoil which, as we have seen before, the markets don’t like. There are a lot of numbers and figures floating around, particularly those relating to stock market performance, which provide a false picture of how the economy is performing right now.
The economic impact of Coronavirus is being felt all over the world in all industries. There’s an inevitable economic recession in the cards, and several industries are already beginning to indicate the signs. The United States is no different, and the U.S. commercial-backed securities market, in particular, is taking a battering.
COVID-19 has hit the American economy like no other shock in the past. While the comparison is not exact, the world has looked to the previous crisis of 2008 for guidance on how to deal with such shocks. The federal government issued a support package for businesses and families of around $2.4 trillion.