Feb 12 Amid systemic inequality, U.S. salaries recover even as jobs haven't By Christopher Rugaber, Associated Press The turnaround in total wages underscores how disproportionately America's job losses have afflicted workers in lower-income occupations. Continue reading
Feb 12 WATCH: Biden says governors and mayors need $350 billion to fight COVID-19 By Josh Boak, Kevin Freking, Associated Press Biden wants to send $350 billion to state and local governments and tribal governments. While Republicans in Congress have largely objected to this initiative, Biden's push has some GOP support among governors and mayors. Continue reading
Feb 12 Amazon faces biggest union push in its history By Joseph Pisani, Associated Press Amazon, whose profits and revenues have skyrocketed during the pandemic, has campaigned hard to convince workers that a union will only suck money from their paycheck with little benefit. Continue reading
Feb 11 GOP attacks Dems' $1.9 trillion COVID-19 relief bill from all angles By Alan Fram, Ricardo Alonso-Zaldivar, Kevin Freking, Associated Press The package would provide $1,400 payments to some Americans, hundreds of billions for state and local governments and boost vaccination efforts, raise tax credits for children and increase unemployment benefits. Continue reading
Feb 11 U.S. jobless claims fall slightly to 793,000 with layoffs high By Christopher Rugaber, Associated Press The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections. Continue reading
Feb 10 Powell stresses commitment to full employment and low rates By Christopher Rugaber, Associated Press Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York. Continue reading
Feb 09 Aunt Jemima brand gets a new name: Pearl Milling Company By Dee-Ann Durbin, Associated Press Quaker Oats announced last June that it would retire the Aunt Jemima brand, saying the character's origins are "based on a racial stereotype."… Continue reading
Feb 09 Dems attempt to push through school funding, wage increase By Collin Binkley, Associated Press House Democrats are muscling past Republicans on major portions of President Joe Biden's pandemic plan, including a proposed $130 billion in school relief and a gradual increase of the federal minimum wage to $15 an hour. Continue reading
Feb 09 WATCH: OMB nominee Neera Tanden testifies before Senate committee By Will Weissert, Associated Press Neera Tanden, President Joe Biden's nominee to lead the Office of Management and Budget, will testify Feb. 9 before the Senate committee on Homeland Security & Governmental Affairs. Continue reading
Feb 08 CBO finds $15 minimum wage would reduce poverty, increase federal debt By Kevin Freking, Alan Fram, Josh Boak, Associated Press A new report from the Congressional Budget Office finds that increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of people. Continue reading