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.
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…