Biden touts latest unemployment numbers as ‘evidence of a durable economic recovery’

Biden touts latest unemployment numbers as ‘evidence of a durable economic recovery’

President Joe Biden cited Thursday’s unemployment numbers as a signal his administration is shepherding a “durable economic recovery” following the coronavirus pandemic. The Department of Labor announced earlier that day that the number of people filing new unemployment claims fell to 310,000, the lowest mark since the beginning of the pandemic. Claims spiked in late

August jobs report reveals ‘major speed bump’ for economic recovery

August jobs report reveals ‘major speed bump’ for economic recovery

Wall Street strategists mostly agree that the worse-than-expected August jobs report wasn’t just a mild setback for the COVID-19 economic recovery, it was a major setback that warrants closer attention by investors. “A major speed bump,” is how Bank of America economists summed up the report in a flash note to clients on Friday. “There

Economic cost of climate change could be six times higher than previously thought

Economic cost of climate change could be six times higher than previously thought

Credit: Unsplash/CC0 Public Domain Economic models of climate change may have substantially underestimated the costs of continued warming, according to a new study involving UCL researchers. Published today in the journal Environmental Research Letters, the work by an international team of scientists found that the economic damage could be six times higher by the end