The Center Square) – The U.S. is withdrawing from the World Health Organization (WHO), a move threatened by President Donald Trump in May and formalized this week.
Nationwide, 7.7 percent of female workers own their own business, according to data from the U.S. Census Bureau. For many of these women, entrepreneurship offers more flexibility than traditional jobs, which is appealing. But starting a business is also risky. New business owners often take a pay cut, as it can take years for new businesses to turn a profit. The median annual income for full-time female entrepreneurs is $40,000, slightly lower than the median annual income among all full-time female workers of $43,000.
(The Center Square) – The U.S. Supreme Court ruled Monday that states can penalize presidential electors who don’t cast their votes for candidates who win a state’s popular vote.
(The Center Square) – Stimulus checks for Americans at the onset of the COVID-19 pandemic made sense, but a potential second round could prevent some recipients from working and prolong fiscal recovery, an economist says.
(The Center Square) – The number of new unemployment claims reported nationwide last week were 79 percent below the peak of the COVID-19 shutdowns resulting from state executive orders, according to the latest jobs report released by the U.S. Bureau of Labor Statistics (BLS).
(The Center Square) – As Americans gear up for the Fourth of July holiday, its neighbor to the south has closed the border to non-essential travel between Arizona and the Mexican state of Sonora.
(The Center Square) – States with fewer restrictions are doing better economically than states that put in place more stringent lockdowns to slow the spread COVID-19, according to an analysis of jobs data by 50economy.org.
The National Bureau of Economic Research recently announced that the U.S. officially entered a recession in February 2020. Unprecedented levels of unemployment and declines in economic activity triggered by the COVID-19 pandemic abruptly ended the economy’s 10-year period of expansion. With job prospects looking bleak for the near future, pursuing an advanced degree may become an attractive option for recent college graduates and those who find themselves unemployed.
In early June, Massachusetts’s ban on flavored e-cigarette products went into effect. Massachusetts is the first state to prohibit the retail sale of flavored vaping products and flavored tobacco products like menthol cigarettes. While flavored e-cig use is still allowed in a handful of state licensed “smoking bars,” products in those establishments are hit with a whopping 75 percent excise tax.
(The Center Square) – The U.S. economy added 4.8 million jobs in June, breaking a record that was set just in May. The unemployment rate dropped to 11.1 percent, the U.S. Department of Labor reported.