Jun 17 The pandemic forced millions out of a job. Some say they can’t return to the way things were By Courtney Vinopal Many Americans going back to work have been deeply changed by the pandemic, and some say the crisis has prompted them to rethink their careers, either by necessity or opportunity. Continue reading
May 07 Biden administration allocates $21.6 billion in rental assistance By Martin Crutsinger, Associated Press The administration on Friday also announced changes in the rental assistance program aimed at addressing criticism that the emergency support has not reached many renters who need the help. The additional aid is included in the $1.9 trillion relief package… Continue reading
Apr 29 U.S. recovery from pandemic recession is showing momentum By Martin Crutsinger, Paul Wiseman, Associated Press Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans… Continue reading
Mar 04 U.S. jobless claims tick up to 745,000 as layoffs remain high By Paul Wiseman, Associated Press The 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. Continue reading
Feb 23 Fed Chair Powell says recovery incomplete, higher inflation unlikely By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Continue reading
Feb 13 Draghi takes helm in Italy, focused on pandemic recovery aid By Frances D'Emilio, Associated Press Draghi and his 23 Cabinet ministers took their oaths of office at the Quirinal presidential palace. Italian President Sergio Mattarella had tasked the former European Central Bank president with trying to form a government up to managing the the health,… Continue reading
Feb 05 WATCH: Biden wants to go big, fast and alone on COVID relief 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."… Continue reading
Feb 05 U.S. employers add just 49,000 jobs as unemployment falls to 6.3 percent 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. Continue reading
Feb 04 U.S. unemployment claims fall to 779,000 but job cuts grind on By Christopher Rugaber, Associated Press 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. Continue reading
Feb 03 Why U.S. hiring could rebound faster than expected By Christopher Rugaber, Associated Press 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. Continue reading