Unemployment claims fall to 553,000
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 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.
US economy grew at a robust 6.4% rate last quarter
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.
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.
Biden signs executive order raising federal contract workers’ minimum wage to $15 an hour
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.
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.
Unemployment claims fall to 547,000, a new pandemic low
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.
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.
Unemployment claims fall to 576,000, lowest since COVID-19 pandemic began
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
Xcel Energy to build largest solar energy project in Minnesota
Xcel Energy has proposed to build Minnesota’s largest solar energy project near the Sherco power plant in Becker, Minnesota, the company announced Tuesday.
Xcel Energy has proposed to build Minnesota’s largest solar energy project near the Sherco power plant in Becker, Minnesota, the company announced Tuesday.
LinkedIn adding ‘stay-at-home parent’ to official job titles
LinkedIn is rolling out a variety of updates, which includes adding “stay-at-home mom/dad/parent” as official job titles to better explain career gaps.
LinkedIn is rolling out a variety of updates, which includes adding “stay-at-home mom/dad/parent” as official job titles to better explain career gaps.
White House issuing reports on US states' infrastructure needs amid push for $2.3T plan
President Joe Biden is scheduled to meet Monday with Republican and Democratic lawmakers and can use the state-by-state summaries to show that his plan would help meet their constituents' needs.
President Joe Biden is scheduled to meet Monday with Republican and Democratic lawmakers and can use the state-by-state summaries to show that his plan would help meet their constituents' needs.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.