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By Josh Boak, Associated Press
Biden says the rescue plan he is pushing forward in Congress is the "answer to the crisis we are in."…
By Christopher Rugaber, Associated Press
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.
A hopeful view is gaining steam that as vaccinations reach a critical mass in the United States, perhaps around midyear, the economy and the job market will strengthen much faster.
By Martin Crutsinger, Associated Press
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
The last major economic report before Election Day indicates a 7.4 percent growth rate in economic output during the year’s third quarter. It’s a sharp rebound from the record plunge of the previous quarter, and the fastest pace since World…
The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses…
By Jared Bowen, GBH
The arts have been devastated by the pandemic, with consumer spending in the sector dropping significantly this year. Now, a pilot program in the mountains of western Massachusetts is looking to ideas from the past to ensure artists’ futures. Special…
The coronavirus relief package Congress and the White House are negotiating over has a dual purpose of easing financial hardship for the unemployed and putting more money into the hands of consumers to keep the economy running. What happens when…
By Ricardo Alonso-Zaldivar, Andrew Taylor, Associated Press
Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.
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