While the unemployment numbers are not as dire as they were during the height of the COVID-19 pandemic, financial experts are cautioning that the job scene will not return to normal levels until 2024.

New CBO Report: According to a report out of the Congressional Budget Office (CBO) on Monday, the number of employed Americans will not reach the levels seen prior to the onset of the global pandemic until 2024. While the economy as a whole is predicted to see a complete recovery sometime in mid-2021, the employment picture will lag behind for years.

Latest Job Numbers: There is…

Wall Street is among many who love Janet Louise Yellen and are happy to see her confirmed as President Biden’s U.S. Treasury Secretary by the Senate in January 2021 by an 84 to 15 vote with major support of the Senate Finance Committee. She is the first woman to lead that institution since its establishment in 1789.

Yellen will again face a huge challenge as the United States attempts to rebound from the deadly Coronavirus pandemic, which has been the trigger for the worst downturn in the economy since the Great Depression. Yellen plans to call on lawmakers for more…

With the technological advancements in today’s market, we are now able to communicate effectively and efficiently without having to exert too much effort. As a result, the typical nine-to-five work has long been abandoned by those who wanted to pursue a much more convenient, yet lucrative, career path.

Despite having certain advantages over the traditional jobs, the freelancing economy continues to receive backlash as to how it is the hotbed for low paying jobs. However, this isn’t completely true. In fact, there are those who work as full-time freelancers.

Special projects editor of FitSmallBusiness Gavin Graham stated in an article…

Technology companies are widely regarded as stimulators of local economies. Several metropolis case studies have shown that tech entrepreneurs will gather in local regions to support each other’s growth. While tech companies have indeed proven their capabilities to achieve this end, there are disadvantages. This is especially true when it comes to the tech goliaths. Dedicated tech economies are not the only instance in which startup companies are profiting in the modern era. Non-tech startups offer several advantages. Brick and mortar operations remain profitable for both tech and non-tech businesses. …

The subject of The Fed is one that causes controversy for investors and politicians alike. When interest rates rise, investment companies turn negative.

That’s why Wall Street would always like to see a low-interest-rate environment. If they fear rates will increase, they turn bearish for fears of limited growth.

Since the Fed has so much power, it’s not surprising that influencing their monetary decisions offers benefits. The policy of the department has always been to avoid that type of politicization.

Powell Can’t Keep Everyone Happy

Jerome Powell, who has been the Chair since 2018, insists the Fed will stay independent…

Investors put billions of dollars into the stock market. While relying solely on the stock market for wealth generation isn’t usually advisable, the market becomes a preferred haven for people wishing to maintain and increase their net worth. Buying stock represents buying a small slice of ownership in a publicly-traded company. As long as the stock’s value rises above what the investor paid, the investor sees a positive return.

Markets, of course, go up and down because stop prices rise and fall. One stock may do well while another experiences a dramatic decline. …

Throughout history, the United States economy has taken a series of twists and turns, and each generation of Americans have seen them first hand. Whether it be the Roaring Twenties or the Great Depression that ravaged the States in the 1930s, the state of the economy can drastically alter the lifestyle of many Americans. Two such generations that clash in this regard are the baby boomer generation, and millennials.

Baby boomers are described as those born between 1946 and 1964, while millennials are thought to be those born from 1981 to 1999. While these generations come into short distance with…

Omar Boraie
Omar Boraie

Omar Boraie’s career as a developer started in New Brunswick and expanded throughout the state of New Jersey. He and his team are the driving forces behind several massive, high-end properties that have helped to bring more business into the community.

Who Is Omar Boraie?

The United States is home to the world’s strongest, most active economy.

To better understand the statistics that follow — they seriously might blow your mind to smithereens — let’s brush over a few basic terms that will be used throughout this article.


Although this term might seem too simple to need to recap, the definition of economy seems to slip many people’s minds.

An economy is a group of activities that spans across both the consumption and production sides of a city, state, region, nation, continent, or the world at large. …

There have been arguments that the world is experiencing extreme poverty like ever before despite the contradicting claims of billionaire, philanthropist, and Microsoft co-founder Bill Gates. Since last February of this year, studies have been conducted to show that the world is indeed getting rich.

Anthropologist Jason Hickel denied Gates’ assertion after he tweeted a graph from Our World in Data showing an apparent decrease in the number of people living on less than USD 1.90 daily. …

Focus Economics

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