US unemployment claims fall to 406,000, a new pandemic low
The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.
Sales of new US homes fell 5.9% in April in wake of soaring house prices in March
Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.
US achieves another pandemic low with 444,000 new unemployment claims
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
Rising costs bring inflation concerns, as the nation struggles to rebuild the economy
For some, the price spike is reminiscent of the double-digit inflation in the 1970s, leaving concerns that we're heading that way again.
Unemployment claims fall to 473,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Biden touts economic recovery plan as Treasury Dept. starts paying out $350B in state and local aid
President Biden on Monday announced steps to make it easier for employers to hire new workers and touted the country’s economic recovery plan following a disappointing April jobs report.
Chamber of Commerce calls for end to enhanced jobless aid
The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.
Biden says economic recovery a marathon, not a sprint amid weak jobs report
U.S. employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
In new pandemic low, unemployment numbers fall to 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.
Unemployment claims fall to 553,000
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
US economy grew at a robust 6.4% rate last quarter
The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
Unemployment claims fall to 547,000, a new pandemic low
The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.
Unemployment claims fall to 576,000, lowest since COVID-19 pandemic began
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
LinkedIn adding ‘stay-at-home parent’ to official job titles
LinkedIn is rolling out a variety of updates, which includes adding “stay-at-home mom/dad/parent” as official job titles to better explain career gaps.
Unemployment claims jump to 744,000 as layoffs persist amid pandemic
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.
156 million coronavirus relief payments issued, Treasury says
The Treasury Department says it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan.
Hiring ramps up as US adds 916K jobs in March
America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold.
Unemployment claims climb to 719,000; COVID-19 pandemic still forces layoffs
The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
Unemployment claims fall to 684,000, fewest since start of pandemic
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday
The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.