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The Trump Economy


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Anyone Notice That The Trump Recovery Is Doing Much Better Than Expected?

Issues & Insights, by The Editorial Board

 

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News report out on Monday said that 83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade. That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. (snip) In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark. Take the forecasts for unemployment. In March, economists at the Federal Reserve Bank of St. Louis projected

 

 

 

 

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15 minutes ago, BillStime said:

 

But many Americans also filed for benefits under the government's other programs, such as Pandemic Unemployment Assistance, which Congress created in the wake of the crisis to help those not eligible for regular jobless benefits including the self-employed.


Another 630,080 Americans filed for PUA benefits last week.


Adding PUA claims and unadjusted regular first-time claims together, nearly 1.5 million people applied for government benefits last week.

 

https://www.cnn.com/2020/09/24/economy/unemployment-benefits-coronavirus/index.html

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