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%.
Economy Sep 10 U.S. layoffs remain elevated as 884,000 seek jobless aid The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs are stuck at a historically high level six months after the pandemic flattened the economy.
Economy Aug 20 U.S. jobless claims rise to 1.1 million amid COVID-19 The latest figures suggest that more than five months after the viral outbreak erupted the economy is still weak, despite recent gains as some businesses reopen and some sectors like housing and manufacturing have rebounded.
Economy Aug 13 U.S. jobless claims fall below 1 million but remain high The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the pandemic intensified five months ago yet still remains at a high level.
Economy Aug 07 U.S. added 1.8 million jobs in July, a sign that hiring has weakened Many employers have been reluctant or unable to hire, with about two-thirds of the nation having paused or reversed reopening plans early last month.
Economy Jul 23 1.4 million seek jobless aid, first increase since March The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March.
Economy Jul 16 Number of laid-off workers seeking jobless aid stayed at 1.3 million last week The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week.