Christopher’s Recent Stories
Economy Feb 25Biden directive expands jobless aid to more unemployed
Those eligible include people who have turned down job offers because they believed the employers weren't providing sufficient protection from the coronavirus.
Economy Feb 25U.S. jobless claims still high at 730,000 but fewest in 3 months
The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications for aid remain at a historically high level.
Economy Feb 23Fed Chair Powell says recovery incomplete, higher inflation unlikely
Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Economy Feb 19Federal Reserve sees modest pickup in hiring this month
The Federal Reserve says there’s evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic.
Economy Feb 18U.S. jobless claims jump to 861,000 as layoffs stay high
The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.
Economy Feb 12Amid systemic inequality, U.S. salaries recover even as jobs haven’t
The turnaround in total wages underscores how disproportionately America's job losses have afflicted workers in lower-income occupations.
Economy Feb 11U.S. jobless claims fall slightly to 793,000 with layoffs high
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.
Economy Feb 10Powell stresses commitment to full employment and low rates
Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York.
Economy Feb 05A meager gain in U.S. jobs last month highlights virus’ damage
The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago.
Economy Feb 05U.S. employers add just 49,000 jobs as unemployment falls to 6.3 percent
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.