macro economics News - Daily News Brief

Congressional Budget Office: $15 Minimum Wage Would Pull 1M People Out of Poverty, Put 1.4 Million Out of Work Over 4 years

February 9, 2021 by Fourth Estate Wire

Increasing the federal minimum wage to $15 would pull nearly one million people out of poverty, but it would also result in the loss of 1.4 million jobs, according to a report by the Congressional Budget Office (CBO). “Employment would …

US Employers Added Just 245,000 Jobs in November

December 4, 2020 by Fourth Estate Wire

US employers scaled back their hiring in November as the COVID-19 pandemic accelerated across the country, adding only 245,000 jobs, representing the fewest since April and the fifth straight monthly slowdown.

Argentina’s Economic Activity Shrank 6.9 Percent in September

November 25, 2020November 25, 2020 by Fourth Estate Wire

Argentina’s economic activity shrank 6.9 percent year-on-year in September, in a moment when the country is experiencing an economic crisis because of the COVID-19 crisis and the lockdown measures imposed to contain its spread

More than 778,000 workers filed for unemployment

November 25, 2020 by Fourth Estate Wire

The number of Americans applying for unemployment benefits jumped last week to 778,000, as the spike in virus cases is intensifying pressure on companies and individuals, with fear growing that the economy could suffer a “double-dip” recession.

Colombian Economy Contracted 9 Percent in Third Quarter

November 19, 2020 by Fourth Estate Wire

The Colombian economy contracted 9 percent in the third quarter, compared with the same period in the year 2019, as the nation continues to suffer the effects of the COVID-19 pandemic and the lockdown measures that the government has been imposing to contain its spread.

Argentinean Economy Will Shrink 11.6 Percent This Year

November 6, 2020 by Fourth Estate Wire

Argentina’s central bank published a survey of economists and analysts on Friday morning, revealing that the country’s economy is set to contract by 11.6 percent this year, representing a slightly improved outlook than a previous estimate of an 11.8 percent drop.

Indonesian Economy Enters Recession

November 5, 2020 by Fourth Estate Wire

Indonesia’s virus-hit economy enters its first recession since the country was devastated by the Asian financial crisis more than 20 years ago.