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WASHINGTON (AP) — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago.But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter, with some analysts even raising the specter of a double-dip recession.Last week, the number of Americans applying for unemployment benefits rose to 778,000. That’s up from 748,000 the week before, according to the Department of Labor.The Commerce Department reported Wednesday that the overall increase in the gross domestic product, the country’s total output of goods and services, remained the same as its first estimate although some components were revised.Bigger gains in business investment, housing and exports were offset by downward revisions to state and local government spending, business inventories and consumer spending.The Associated Press found that the 33.1% gain was the largest quarterly gain on record, surpassing the old mark of a 16.7% increase in 1950. 1028
We don’t agree with Speaker Pelosi that “nothing” is better than “something” for workers.Senators will vote on more relief next week, including more PPP money to stop layoffs. We’ll be able to pass it before we turn to Judge Barrett's nomination unless Democrats block it again. pic.twitter.com/paJFhx5HcI— Leader McConnell (@senatemajldr) October 13, 2020 374

WASHINGTON, D.C. — The number of people applying for unemployment aid jumped last week to 853,000, the most since September.The rise in jobless claims serves as evidence that some companies are cutting more jobs as new coronavirus cases spiral higher.The Labor Department said Thursday that the number of applications increased by 137,000, from 716,000 the previous week.The four-week moving average was 776,000, an increase of 35,500 from the previous week’s revised average, according to department.Before the coronavirus paralyzed the economy in March, weekly jobless claims typically numbered only about 225,000.The current rise in unemployment comes as the U.S. continues to break records for single-day coronavirus cases and deaths. Wednesday marked the first time more 3,000 people died from COVID-19 in a day in the U.S. since the pandemic began, according to a tally by Johns Hopkins University. 912
WASHINGTON (AP) — The U.S. Supreme Court on Tuesday has, for now, stopped the once-a-decade head count of every U.S. resident from continuing through the end of October.President Donald Trump’s administration had asked the nation’s high court to suspend a district court’s order permitting the 2020 census to continue through the end of the month. The Trump administration argued that the head count needed to end immediately so the U.S. Census Bureau had enough time to crunch the numbers before a congressionally mandated year-end deadline for turning in figures used for deciding how many congressional seats each state gets. 637
WASHINGTON (AP) — President Donald Trump thinks it's a good idea if daylight saving time becomes permanent.A federal law specifies that daylight time applies from 2 a.m. on the second Sunday of March until 2 a.m. on the first Sunday of November in areas that do not specifically exempt themselves. More than two dozen states are considering measures to avoid the twice-yearly clock change.Sen. Marco Rubio and Rep. Vern Buchanan, both of Florida, introduced measures last week to make daylight saving time permanent nationwide. While federal law allows states to opt into standard time permanently — which Hawaii and Arizona have done — the reverse is prohibited and requires congressional action.Trump tweeted Monday that making daylight saving time permanent is "O.K. with me!" 787
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