WATCH: Biden introduces $1.9 trillion COVID-19 rescue plan to help economy
U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic.
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How women are disproportionately carrying the cost of COVID
A recent survey found roughly a quarter of women were considering reducing hours, switching to less demanding jobs, or leaving the workforce altogether. At least 2 million women have dropped out of the labor force since last year. Paul Paul…
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Hiring slows in the U.S. as millions face losing unemployment benefits
The latest jobs report released by the Department of Labor Friday estimates the economy has not yet replaced about 10 millions jobs lost last spring, with many Americans now close to losing their unemployment benefits. Wendy Edelberg, director of the…
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News Wrap: New unemployment numbers underscore the pandemic’s economic damage
In our news wrap Thursday, another 712,00 people filed for jobless benefits last week, tripling the average total from before the pandemic. And momentum is building for a new economic relief measure in Washington as COVID-19 numbers continue to surge…
The pandemic has accelerated a change in housing in the U.S. that began well before the spread of COVID-19. Millennials, adults between the ages of 24 and 39, continue to move back home with their parents in significant numbers. For…
In our news wrap Thursday, Hurricane Iota’s death toll has passed 40 across Central America. Search teams continue to find bodies in landslides triggered by flooding. Entire communities in Honduras and Nicaragua were overwhelmed, with thousands left homeless. Also, a…
In our news wrap Friday, the U.S. wave of coronavirus infections is still building. More than 120,000 new cases were reported in the last day, pushing the national total past 9.6 million with more than 235,000 deaths. Also, remnants of…
In our news wrap Thursday, the Federal Reserve kept its benchmark interest rate near zero, as was expected. Jerome Powell, chair of the Fed, spoke after a two-day policy meeting about the “extraordinarily uncertain” economic outlook. Also, the remains of…
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…
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