A study has found that nearly 25% of Americans are functionally unemployed. What is functional unemployment and why is it growing, Fox5 explains. According to a report from the Ludwig Institute for Shared Economic Prosperity (LISEP), the functional unemployment rate has increased and is already…
America's manufacturing sector is booming after decades of decline, but it faces a serious problem: a labor shortage. NPR looks at why and how to solve the problem. According to the Bureau of Labor Statistics, the industry has about 500 job openings,…
The US will no longer treat Russia as a market economy, the US Department of Commerce (USDC) said. The Russian Federation was deprived of the status that it was granted two decades ago. He limited the accrual of anti-dumping duties on Russian goods. Now the restriction has been lifted, and prices for Russian…
Moscow is one of the most dynamically developing capitals in the world. At the end of 2020, the city entered the ranking of the top 10 megalopolises in Europe, climbed 26 points in the ranking of global financial centers, took the second place among the largest cities in the world in terms of investment promotion strategies, ...
It looks like Congress will reach an agreement on an increase in the federal borrowing limit before the government runs out of money to pay bills in the coming months. The limit was suspended in 2019 and automatically reinstated earlier this month. High-ranking ...
In countries where there are large numbers of immigrants, the topic of immigration is often discussed. These people leave home in search of a better life for themselves and their families. As integral components of global development, they not only contribute to the economic prosperity of the host country, but also ...
Americans may be gearing up for the holidays, but economists are looking forward to January and trying to sift through a raft of new data to figure out what to expect beyond 2020. The picture is murky at best - and fears are growing that the uncontrollable surge in COVID-19 caused by the weekend...
Large-scale wildfires, catastrophic hurricanes and tropical storms, and tornadoes are just some of the notable weather events that occurred in the United States during 2020. A year that changed the whole world beyond recognition with the COVID-19 pandemic. But, as The...
The Swedish Academy has announced the names of the 2020 Nobel Prize in Economics. The prize will go to American economists Paul Milgrom and Robert Wilson for developing the theory of auctions. Writes about this BBC. Milgrom, 72, and Wilson, 83, were among the top contenders for ...
This opinion is shared in the White House, writes Voice of America. There are more and more trucks. Flight and hotel bookings are up slightly. The number of mortgage applications is growing. More and more people are applying to open new businesses, the Wall Street Journal reports. Home…