The number of people filing for unemployment insurance has soared to 26 million over recent weeks—16 percent of our labor force. For some segments of the workforce—restaurant and hotel workers — it is much higher. Still, others have had their hours cut back. For all, this has greatly compounded the anguish of coping with the … Continue reading Job Losses
Video: COVID-19 Economic Implications and Opportunities
Are you curious about the effects COVID-19 will have on our economy? UNCW Cameron School of Business professor Dr. Simpson discussed the economic implications and opportunities of COVID-19 during a UNCW Alumni Association-sponsored video event.
Today’s Crude Oil Glut
Have you heard that the price of a barrel of crude oil has fallen below $10? At the beginning of the year, it was $60. And it was not that long ago that it was above $100. Crazy! What does this mean? First off, it is telling us that supply has exceeded demand in a … Continue reading Today’s Crude Oil Glut
Is There a “V” in the Corona Virus Shock?
The Corona Virus pandemic has been a shock to the global economy, precipitating a global recession. For the United States, the news of a 3 million surge in workers filing for unemployment insurance in just one week has sent a clear message that we are not immune to the downturn. The only question remaining has to do … Continue reading Is There a “V” in the Corona Virus Shock?
Thomas D. Simpson, PH.D. 