Economy

The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.

Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.

So far, over 2 million people have signed an online Change.org petition calling for recurring $2,000 per month payments.

The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.

Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.

The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.

The pandemic, however, has many companies re-thinking the need for sprawling office spaces and the costs of commercial leases.

The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.

Biden said his administration is taking steps that will make it easier for employers to hire more workers.

President Biden on Monday announced steps to make it easier for employers to hire new workers and touted the country’s economic recovery plan following a disappointing April jobs report.

The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.

U.S. employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers.

The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.

The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.

The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

President Joe Biden signed an executive order to increase the minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.

The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.