Economy Jan 14 U.S. unemployment claims jump to 965,000 as virus takes toll The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.
Economy Jan 08 U.S. loses 140,000 jobs, first monthly drop since spring U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.
Politics Dec 20 Deal on Fed removes obstacle to agreement on virus aid bill Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday.
Economy Dec 16 WATCH: Fed chair Jerome Powell discusses economy The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
Economy Dec 10 U.S. jobless claims jump to 853,000 amid virus resurgence The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that companies are cutting more jobs as new virus cases spiral higher.
Nation Dec 05 A bleak outlook for millions facing cutoff of US jobless aid Unemployment has forced aching decisions on millions of Americans and their families in the face of a rampaging viral epidemic that has closed shops and restaurants, paralyzed travel and left millions jobless for months. Now, their predicaments stand to grow…
Economy Dec 04 U.S. hiring slows sharply to 245,000 jobs as virus intensifies America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
Politics Nov 23 AP source: President-elect Joe Biden taps ex-Fed chair Janet Yellen to lead treasury Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
Economy Nov 19 Mnuchin rejects renewal of some Federal Reserve emergency loan programs The central bank said it "would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.
Economy Nov 19 U.S. jobless claims increase to 742,000 as pandemic worsens The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.