Paul’s Recent Stories
Economy Apr 08
U.S. jobless claims up to 744,000 as virus continues to force layoffsThe number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy.
Economy Apr 06
IMF upgrades forecast for 2021 global growth to a record 6 percentThe rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast.
Economy Apr 01
U.S. jobless claims rise to 719,000 as virus still forces layoffsThe number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
World Mar 29
U.S. suspends trade deal with Myanmar after violent coupU.S. Trade Representative Katherine Tai said the United States was immediately suspending "all U.S. engagement with Burma under the 2013 Trade and Investment Framework Agreement."…
Economy Mar 18
U.S. jobless claims rise to 770,000 with layoffs still highThe number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession.
Economy Mar 11
U.S. jobless claims fall to 712,000 as pace of layoffs easesThe number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improving economy.
Economy Mar 04
U.S. jobless claims tick up to 745,000 as layoffs remain highThe number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.
Health Feb 17
How economists see Biden’s $15 wage proposalThe fate of Biden's minimum wage proposal remains hazy. Facing resistance in Congress, the president has acknowledged that he will likely have to omit the measure from the $1.9 trillion COVID-19 financial relief package he is proposing and re-introduce it…
Economy Jan 28
U.S. jobless claims fall but remain high at 847,000 as pandemic ragesThe number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep coming as the coronavirus pandemic continues to rage.
Economy Dec 23
U.S. layoffs stay high as 803,000 seek unemployment benefitsThe latest figure shows many employers are still cutting jobs, as the pandemic tightens business restrictions and leads many consumers to stay home.