April’s Jobs Report Severely misses Expectations with Just 266,000 Jobs Created

The U.S. Bureau of Labor Statistics reported that only 266,000 jobs were added in April far below what many economists who had predicted the U.S. economy would add 978,000 jobs with the unemployment rate falling to 5.8% instead it rose to 6.1%.

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Jobless Claims Drop Below 500,000 as Economy Improves

For the first times since the coronavirus crashed the U.S. economy jobless claims dropped below 500,000.

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Biden to tax Small Businesses

American’s for Tax Reform have highlighted that President Biden’s tax proposal will hit small business hard after promising he wouldn’t.

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Treasury Secretary States Interest Rates May Have to Rise

In a reversal Treasury Secretary Janet L. Yellen has stated that interest rates may have to rise to keep the U.S. economy from overheating given the massive spending by the Biden administration in reshaping the U.S. economy.

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Wall Street Stock Futures Slip

Wall Street stock futures slip as the markets weigh the pressure on Tech companies.

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GDP Grows 6.4% in the 1st Quarter

The Bureau of Economic Analysis reported that the U.S. economy grew 6.4% in the first quarter of 2021.

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