By Tom Ozimek Former President Donald Trump issued a warning about the direction of the U.S. economy after Friday’s job creation numbers came in far below expectations and as more Americans were bumped onto unemployment rolls. The Bureau of Labor Statistics (BLS) reported on May 3 that the U.S. economy added 175,000 new jobs last […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.