Unemployment claims jump to 744,000 as layoffs persist amid pandemic
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.
156 million coronavirus relief payments issued, Treasury says
The Treasury Department says it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan.
Hiring ramps up as US adds 916K jobs in March
America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold.
Unemployment claims climb to 719,000; COVID-19 pandemic still forces layoffs
The 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.
‘Checkout with Crypto’: PayPal to allow customers to use cryptocurrency for online purchases
PayPal announced on Tuesday that it will be launching “Checkout with Crypto,” which allows users to pay with cryptocurrency when making purchases online.
Unemployment claims fall to 684,000, fewest since start of pandemic
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
Wages are only up because the bottom half of workers lost their jobs
If one looks at the data for American wages in 2020, which shows that they grew historically fast, this fact may seem to be cause for celebration. But a closer look at the data paints yet another picture of stark inequality and of the "K-shaped recovery."
Rich Americans shirk tax obligations as IRS collection efforts fall short, report finds
A group of wealthy taxpayers with an average AGI of more than $1.5 million owed more than $2.4 billion, a report showed.
Wells Fargo, Chase criticized over timing of third stimulus check delivery
Millions of Americans are poised to receive direct cash payments worth up to $1,400.
Parents could receive $3,600 child tax credit soon - here's what you need to know
Most American parents can expect to receive $3,000 a year for every child ages 6 to 17 and $3,600 a year for every child under age 6.
Minnesota unemployment rate falls, but many leaving labor force
Minnesota’s unemployment rate is falling, although the state Department of Employment and Economic Development says the decline is due to people leaving the labor force.
Layoffs ease as unemployment claims drop to 712,000
The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.
House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday
The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.
House poised to vote on COVID-19 relief plan, $1,400 stimulus checks this week
The House is moving toward a final vote on the $1.9 trillion COVID-19 relief plan this week, which could send the bill to President Joe Biden’s desk to be signed into law before unemployment benefits expire.
Senate approves $1.9T COVID-19 relief bill after all-night session
Senators worked through the night on the $1.9 trillion COVID-19 aid bill and have approved the package with a 50-49 vote. The bill is on track to pass in the House next week.
COVID-19 relief bill: Democrats strike deal on jobless benefits after logjam
Senate leaders and moderate Democratic Sen. Joe Manchin have struck a deal over emergency jobless benefits, breaking a nine-hour logjam that had stalled the party’s showpiece $1.9 trillion COVID-19 relief bill.
In hopeful sign for economy, US adds 379,000 jobs in February
U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
Unemployment claims climb to 745,000; layoffs still high
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.
$15 minimum wage hike seems all but dead in Democrats' massive COVID-19 relief bill
Democrats’ hopes of including a minimum wage increase in their massive COVID-19 relief bill seem all but dead.
House passes $1.9 trillion relief bill, Senate expected to vote next week
Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Friday.