Paul Davidson
Enquirer
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Recent articles by Paul:
U.S. could slip into double-dip recession if Congress doesn't pass new stimulus, some economists say
The nation could slip back into recession if Congress doesn't pass another stimulus package, economists say. → Read More
More workers hit with pay cuts than in last recession, and stagnant wages could linger
Many U.S. workers have been socked by cuts in hours or pay during the pandemic. The effects could linger in meager wage growth for years. → Read More
Coronavirus pandemic likely to leave legacy of fear and uncertainty that holds back economy for decades
The COVID-19 crisis is creating fear and uncertainty that could dampen investment and economic growth for up to 70 years, a study finds. → Read More
Trump, Biden tout contrasting economic plans. Which will restore jobs lost in the pandemic faster?
Biden wants to raise taxes, boost spending to recover jobs lost in pandemic. Trump wants more cuts to taxes, regulations and more tariffs on China. → Read More
What the Fed's shift toward lower rates means for borrowers, savers, markets and the economy
The Fed has adopted a new policy that emphasizes low unemployment and lets inflation run hotter. Her's what it means for you, markets, the economy → Read More
'What am I going to do at 55?': More temporary layoffs could become permanent during COVID-19 recession
More temporary layoffs and furloughs are likely to become permanent job cuts, economists say, prolonging the labor market's recovery → Read More
920K workers likely filed unemployment claims as COVID-19 outbreaks ease in some states
920K workers likely filed jobless claims last week as layoffs measure is expected to dip further below 1 million. COVID-19 surges eased in some states → Read More
COVID-19, political fights raise the question: Could the dollar lose its global status?
The recent weakening of the U.S. dollar has sparked concerns among some economists about whether it will remain the world's reserve currency → Read More
1.1M more workers file for unemployment as tally remains at historic high during COVID-19 crisis
Another 1.1M workers file initial jobless claims, a measure of layoffs, as COVID-19 spikes ease in some states, linger in others → Read More
Will Americans spend the record cash they've saved amid uncertain outbreak and economy?
Americans have been saving record amounts of money amid economic shutdowns and generous federal stimulus checks. When will they spend it? → Read More
1.8M jobs added in July, unemployment falls to 10.2% as some states halt reopening, others throttle back
The economy added 1.8M jobs in July, unemployment fell to 10.2% as some states reopen economies, others pull back → Read More
Worried about another slump, many firms hire temporary workers instead of permanent staffers
Many businesses are hiring temporary workers and contractors because they can be easily let go if the economy turns south again → Read More
As some states reopen, others shutter amid outbreaks, forecasting July payrolls is guessing game
With some states reopening and others closing again, forecasting whether the U.S. gained or lost lots of jobs in July has become a guessing game → Read More
Layoffs: 1.2M workers file for unemployment amid COVID-19 spikes, pushing total in crisis above 55M
Another 1.2M workers sought unemployment benefits -- a measure of layoffs -- last week, pushing the total in the crisis above 55 million → Read More
Layoffs: 1.4M more workers likely filed jobless claims as states pull back on reopenings
Another 1.4 million workers likely filed initial unemployment claims, indicating layoffs have persisted as states pause or roll back reopening plans. → Read More
Amid COVID-19 spikes, reopening rollbacks, Fed could signal near-zero rates for even longer
Amid coronavirus spikes, the Fed Wednesday could signal it intends to keep interest rates near zero even longer and juice its bond buying stimulus → Read More
With coronavirus surging, Fed keeps key interest rate near zero, vows more support
With COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy. → Read More
U.S. economy contracted record 32.9% in Q2 amid state shutdowns, COVID-19 contagion fears
U.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home. → Read More
GDP likely fell at record pace in the second quarter and state reclosings threaten rebound
U.S. economic output likely fell at record 35% annual rate in the second quarter. The rebound is threatened by COVID-19 spikes, state reclosings. → Read More
Americans have downsized their views of what it takes to be rich and financially comfortable
Since the COVID-19 crisis began, Americans have downsized their views of how much it takes to be wealthy and financially comfortable, a survey shows. → Read More