Pandemic unemployment benefits end for 7M Americans on Labor Day
The expiration of jobless benefits could fuel a sharp spending pullback.
‘No question’ delta variant is why August job growth wasn’t stronger, Biden says
America’s employers added just 235,000 jobs in August, a modest gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Fed to end ultra-low interest rates if hiring keeps improving, Powell says
Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.
US jobless claims fall for 3rd straight week as economy strengthens
U.S. unemployment claims dropped to 375,000, near a pandemic low and another sign of strength for a rebounding economy and job market.
July jobs report: US adds 943K jobs, unemployment rate drops to 5.4%
Hiring surged in July as U.S. employers added 943,000 jobs. The unemployment rate dropped to 5.4% from 5.9% in June.
Senate unveils $1T bipartisan infrastructure bill after weekend session
Senators unveiled a nearly $1 trillion bipartisan infrastructure package, made up of some 2,700 pages following a rare weekend session.
Expiration of eviction moratorium thrusts US into housing crisis
Millions of Americans are at risk of losing their homes now that the federal eviction moratorium has expired.
US unemployment claims down 24,000 to 400,000 as economy recovers
U.S. unemployment claims dropped by 24,000 to 400,000 last week in another sign that the job market is recovering from the coronavirus recession.
Stocks plunge over delta variant fears; Biden seeks to reassure over economy
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
COVID-19 pandemic recession ended in April 2020, shortest on record
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
US unemployment claims tick up to 373,000 from a pandemic low
U.S. unemployment claims rose slightly last week by 2,000 to a total of 373,000, even as the economy and the job market appear to be rebounding.
June jobs report: US adds 850,000 jobs as economy extends its gains
U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.
Home prices surge by most on record
Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.
Bipartisan group of senators, White House reach deal on infrastructure plan
President Joe Biden and a bipartisan group of senators have “struck a deal” on a $953 billion infrastructure plan.
Kroger hosting hiring event Thursday, seeking 10K new workers
Kroger, which is already the largest grocery retailer in the United States, is hoping to hire 10,000 more workers with its hybrid hiring event taking place Thursday, June 10.
Chipotle raising prices to offset its $15 minimum wage hike
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
US economy shows growth despite lacking enough workers, supplies
Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.
US unemployment claims drop to 385,000, another pandemic low
Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.