2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!
Posted by: thepinetree on 06/05/2020 07:52 AM
Washington, DC...Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply.
Angels Camp, Valley Springs, Ione & Jackson, CA....Your Local H&Block Office is Open Ready to Serve!
Market Month for May 2020 from Brian J. Tewksbury
Posted by: thepinetree on 06/01/2020 01:22 PM
Murphys, CA...The Markets (as of market close May 29, 2020) May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew more confident in stocks, driving values higher. However, investor optimism was kept in check by sobering economic reports and growing tensions between the United States and China.
The Tax Deadline Moved But H&R Block is Always Ready to Serve
Posted by: thepinetree on 05/22/2020 03:42 PM
Angels Camp & Valley Springs...With great value, multiple filing options and easy switching — it’s better with Block. H&R Block is kicking off tax season 2020 by giving people more reasons to choose Block to prepare their taxes because, “It’s Better with Block.” This tax season, the company will continue to provide more ways for people to file their taxes, offer confidence and cost savings, and make it easier than ever to switch to Block.
Monthly Market Update for The Markets (as of market close April 30, 2020) ~ Brian J. Tewksbury
Posted by: thepinetree on 05/01/2020 11:25 PM
Murphys, CA...The Markets (as of market close April 30, 2020) April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 pandemic. There were more than 700,000 jobs lost in March while total claims for unemployment insurance benefits soared to nearly 18 million. A cut in production didn't prevent crude oil prices from hitting negative numbers as demand waned and storage neared full capacity. Purchasing managers saw manufacturing hit lows not seen in more than ten years.
San Andreas, CA...Today launches the second round of funding available for small businesses that was passed through legislation on Friday. While glitches or delays are expected, if you were not able to apply for the Economic Injury Disaster Loan or the Paycheck Protection Program prior to them shutting it down, know that you can apply today as of 7:30 am PST. The SBA is still processing applications received prior to the closure of the program, so if you already applied and were waiting, funds should be distributed soon. To apply for the EIDL loan Click Here
What the CARES Act Means for You ~ from Sabrina Julian
Posted by: thepinetree on 03/31/2020 01:41 PM
Murphys, CA...The coronavirus pandemic has affected virtually every facet of American life and severely impacted the markets and economy. Congress and the federal government have acted to help individuals and businesses get through this difficult time. Most recently, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. The House passed the bill by voice vote earlier that day, and the Senate unanimously passed it on March 25. The $2.2 trillion bipartisan bill, the most expensive legislation ever enacted, resulted from negotiations between Treasury Security Steven Mnuchin and Congressional leaders on both sides of the aisle. The following are highlights of many of the federal relief opportunities created thus far which may benefit you.