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Economy

Economy

Alabama’s workers deserve better than McConnell’s inadequate COVID-19 proposal

America is suffering from an unprecedented pandemic and the economic collapse it has created. Nearly three months ago, the U.S. House of Representatives passed the HEROES Act, a comprehensive COVID-19 relief bill. Right now, that bill is sitting untouched on Senate Majority Leader Mitch McConnell’s desk as working people are suffering. Senator McConnell’s told us … Continued
August 11, 2020

New unemployment claims continue to drop

There were 11,692 unemployment claims filed in Alabama last week, down from 17,439 the previous week, according to the Alabama Department of Labor. Seventy-six percent of the claims from July 26 to Aug. 1 were related to COVID-19, according to the Alabama Department of Labor. That compares to 89 percent the week before. New claims … Continued
August 6, 2020

Alabama Power is returning $100 million to customers

The Alabama Public Service Commission approved a plan Tuesday to credit Alabama Power Company customers on their October bills. The move returns approximately $100 million to Alabama Power Company customers. “Putting money back into the pockets of hard-working Alabamians is one of the ways we can help on the road to recovery,” Public Service Commission … Continued
August 5, 2020

Payroll Protection Program deadline has been extended to Saturday

Congresswoman Martha Roby, R-Montgomery, this week reminded business owners that the deadline to apply for the Payroll Protection Program, knowns as the PPP, has been extended to Saturday. “The Small Business Administration’s Paycheck Protection Program (PPP) application deadline was recently extended to Saturday, August 8,” Roby wrote in an email to constituents. “Do not forget … Continued
August 5, 2020

GDP fell by an unprecedented 9.5 percent in second quarter

The Bureau of Economic Analysis released its advance estimate of U.S. GDP for the second quarter of 2020 reflecting the months of April, May and June dropped 9.5 percent in the second quarter, According to the BEA report, real GDP contracted at an unprecedented annualized rate of 32.9 percent. This is the largest quarterly decline … Continued
July 31, 2020

USDA says more than 50 million Farmers to Families Food Boxes have been distributed

U.S. Secretary of Agriculture Sonny Perdue on Wednesday said that the U.S. Department of Agriculture’s Farmers to Families Food Box Program has distributed over 50 million food boxes in support of American farmers and families affected by the COVID-19 pandemic. “The delivery of 50 Million food boxes has helped an incredible number of Americans in … Continued
July 30, 2020

Aldi to open new distribution center in Loxley

ALDI U.S. — the growing grocery retailer — announced that it plans to construct a new regional headquarters and distribution center in Loxley to support the company’s growing footprint along the Gulf Coast. “We are eager for ALDI to expand its presence in our state,” said Alabama Gov. Kay Ivey. “We’re proud to stand behind … Continued
July 28, 2020