Christopher’s Recent Stories
Economy Feb 25
Biden directive expands jobless aid to more unemployedThose eligible include people who have turned down job offers because they believed the employers weren't providing sufficient protection from the coronavirus.
Economy Feb 25
U.S. jobless claims still high at 730,000 but fewest in 3 monthsThe 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 23
Fed Chair Powell says recovery incomplete, higher inflation unlikelyFederal 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 19
Federal Reserve sees modest pickup in hiring this monthThe 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 18
U.S. jobless claims jump to 861,000 as layoffs stay highThe 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 12
Amid systemic inequality, U.S. salaries recover even as jobs haven’tThe turnaround in total wages underscores how disproportionately America's job losses have afflicted workers in lower-income occupations.
Economy Feb 11
U.S. jobless claims fall slightly to 793,000 with layoffs highThe 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 10
Powell stresses commitment to full employment and low ratesPowell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York.
Economy Feb 05
A meager gain in U.S. jobs last month highlights virus’ damageThe 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 05
U.S. employers add just 49,000 jobs as unemployment falls to 6.3 percentU.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.