Economy Nov 17 Federal Reserve Chair Jerome Powell says surge in virus cases threatens U.S. economy Powell said the threat also means Congress and the White House should provide more stimulus spending to support the unemployed, states and cities, and small businesses, and to keep the economy afloat.
Economy Nov 12 709,000 Americans seek jobless aid as pandemic escalates The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a sign that the job market might be slowly healing.
Economy Oct 29 U.S. jobless claims fall to 751,000 as virus resurges The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high and indicates the viral pandemic is still forcing many employers to cut jobs.
Economy Oct 26 As virus resurges, so does fear of more economic pain With confirmed COVID cases surging across the country, there is the risk that the economy could weaken again as more people choose to hunker down at home — and that even more stimulus might be needed next year than negotiators…
Economy Oct 15 U.S. layoffs remain elevated as 898,000 seek jobless aid The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy's recovery from the pandemic recession that erupted seven months ago.
Economy Oct 08 U.S. layoffs remain elevated as 840,000 seek jobless aid The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.
Economy Oct 06 Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’ Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday.
Economy Oct 01 U.S. layoffs remain elevated as 837,000 seek jobless aid The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
Economy Sep 24 Jobless claims at 870,000 as fraud and backlogs cloud data The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it first erupted.
Economy Sep 16 Federal Reserve sees interest rates near zero, at least through 2023 The Fed’s moves are occurring against the backdrop of an improving yet still weak economy, with hiring slowing and the unemployment rate at 8.4%.