Unemployment

Tariffs and the Specter of Smoot-Hawley
Bad trade policy helped prolong the Great Depression. Even a muted repeat of this experience is terrifying. Stock prices have tumbled, and anxieties have soared with the White House announcement...

Lower Interest Rates Won’t Come to the Rescue for Joe Biden
In the run-up to this year’s presidential election, President Biden, like previous incumbents, would like the Federal Reserve to cut interest rates. It would not only boost financial markets but...

Booming Economy? Joe Biden Could Soon Face a Banking Crisis
This week, there has been some good and some bad news about our economy. The good news is that the economy continues to create jobs at a highly satisfactory pace...

Emergency Savings Take a Big Hit Due to Inflation
Another fallout from inflation can be added to the list: emergency savings. As reported by CNBC, roughly a third of U.S. adults are contributing less to their emergency funds in...

Coronavirus Unemployment Relief Programs Scammed of $163 Billion, Government Says
It’s been known for a while that the pandemic-era relief programs, in which the government paid out trillions of dollars over the course of just over two years, were plagued...

Study Counters Claims That the Child Tax Credit Increased Unemployment
During the second half of 2021, when the expanded child tax credit provided most American families with payments from the federal government each month, a debate was had over whether...

Experts Say Up to $80 Billion Stolen from Pandemic Response
The Paycheck Protection Program (PPP) was launched by Congress in the early months of the pandemic. The program handed out around $800 billion in relief to American businesses affected by...

Analysis: Child Tax Credit Did Not Cause Labor Force Exit
If the highly contentious Build Back Better legislation already had been signed into law, approximately thirty-six million American families would be waiting for their second payment of the year from...

Did a Lack of Stimulus Checks Help Cause Employment to Surge?
Friday morning saw the release of a blockbuster jobs report, as the U.S. economy saw an increase in 467,000 jobs in January, despite the Omicron variant running wild for a...

New IRS Identification Process May Not Be Easy for Users
The IRS announced in November 2021 that it will launch a new online identity verification process using the provider ID.me. The verification features will be in effect for different portals...

Despite Signs of Trouble, Social Security Reform Still Isn’t a Pressing Issue
Many Americans have been worried for years that Social Security won’t be there for them when they retire. A survey taken last July by Nationwide found that 71 percent of...

$3.5 Trillion Isn’t Enough: Why AOC and the Democrats Want More Spending
Here’s What You Need to Remember: Demands like those of Rep. Ocasio-Cortez and her colleagues to expand the spending policies included in the legislation will only increase the challenges faced...