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April 04, 2025 Languages

US economy

Iranpress: US unemployment rate is highest since Great Depression

US unemployment rate is highest since Great Depression

Friday, 08 May 2020 17:25

The US Labour Department has released the worst job report in American history, as payrolls fell by more than 20 million and the unemployment rate soared to 14.7 percent

Iranpress: Hardest hit for US economy since the Great Recession

Hardest hit for US economy since the Great Recession

Thursday, 30 April 2020 12:43

US gross domestic product (GDP) vital factor of US economic growth contracted 4.8 percent in the first quarter of this year, which is the sharpest decline since the height of the Great Recession in the late 2000s.

Iranpress: Tensions grow between Republicans over coronavirus expenditure, saving economy

Tensions grow between Republicans over coronavirus expenditure, saving economy

Sunday, 26 April 2020 07:18

The economic havoc wreaked by the coronavirus pandemic is opening up a rift in the Republican Party as the Donald Trump administration and some Republican senators advocate for more aggressive spending while senior party leaders say now may be the time to start scaling back.

Iranpress: US deficit will extend to $3.7 trillion: Congress Budget Office

US deficit will extend to $3.7 trillion: Congress Budget Office

Saturday, 25 April 2020 03:30

A nationwide business shutdown and surge in US government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year.

Iranpress: White House advisor warns second-quarter US GDP fall could be biggest ever

White House advisor warns second-quarter US GDP fall could be biggest ever

Wednesday, 22 April 2020 01:16

White House economic adviser Kevin Hassett warned on Tuesday a reduction in second-quarter U.S. gross domestic could be the biggest in the history of the country.

Iranpress: Amazon workers group calls for strike over virus and environmental concerns

Amazon workers group calls for strike over virus and environmental concerns

Friday, 17 April 2020 12:39

Along with workers of other giant firms in the US, Amazon tech workers are calling for a virtual one-day strike to pressure the online retail giant over warehouse safety conditions during the Coronavirus pandemic.

Iranpress: Parts of US economy will shut down due to coronavirus outbreak

Parts of US economy will shut down due to coronavirus outbreak

Monday, 13 April 2020 07:43

Minneapolis Federal Reserve Bank President on Sunday said that the US economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road" in which some parts of the economy will periodically shut down and restart.

Iranpress: World in worst recession since great depression, IMF says

World in worst recession since great depression, IMF says

Friday, 10 April 2020 05:05

The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday.

Iranpress: US unemployment skyrockets as coronavirus crashes economy

US unemployment skyrockets as coronavirus crashes economy

Thursday, 26 March 2020 23:48

More than three million Americans lost their jobs last week, the worst ever recorded, as the coronavirus shutdown hits the US economy

Iranpress: GDP could shrink 24 percent in second quarter

GDP could shrink 24 percent in second quarter

Saturday, 21 March 2020 07:39

The US economy may have entered a recession and Americans could see the economy shrink by an annualized 6 percent in the first quarter and an astonishing 24 percent in the second quarter.

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