WASHINGTON — President Donald Trump and Senate Majority Leader Mitch McConnell huddled Thursday at the White House as Republicans stake out new plans to phase out coronavirus-related unemployment benefits to encourage Americans to go back to work.
Revamping jobless aid is fast […]
WASHINGTON — Signs of renewed business activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work. Yet with millions more Americans seeking unemployment aid last week, the […]
WASHINGTON — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
Roughly 33.5 million people have now filed for jobless aid in […]
DETROIT— People of color have not only been hit harder by the deadly coronavirus than have Americans overall, but they’re also bearing the brunt of the pandemic’s financial impact, according to a recent survey from the The Associated Press-NORC Center […]
WASHINGTON — The new report that a knee-buckling 6.6 million more Americans filed for unemployment insurance makes it more urgent for Congress to approve a fresh jobs package, House Speaker Nancy Pelosi said Thursday.
Pelosi, D-Calif., also told reporters that she will […]
WASHINGTON — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers.
The Labor Department says employers advertised 7.1 million available […]
WASHINGTON — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market.
The Labor Department said Friday that the […]
WASHINGTON — Another month of strong hiring drove the nation’s unemployment rate down to 3.8 percent — tantalizingly close to the level last seen in 1969, when Detroit still dominated the auto industry and the Vietnam War was raging.
Employers […]
NEW YORK — The S&P 500 was on pace to erase its losses from earlier in the week, and interest rates climbed after a report on Friday showed that the strengthening U.S. job market remains on course.
The dollar rose […]
WASHINGTON — Sen. Marco Rubio says big businesses aren’t investing much of their windfall from President Donald Trump’s tax cuts into their workers despite GOP promises during last year’s debate.
“There is still a lot of thinking on the right […]
WASHINGTON — The number of Americans filing applications for unemployment benefits edged up again last week to a still-low 249,000. Meanwhile, the overall number of people collecting unemployment benefits fell to a near 44-year low, further evidence that Americans […]
WASHINGTON — U.S. job growth slowed in August as employers added 156,000 jobs, though still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession.
The unemployment rate […]
WASHINGTON — Exactly eight years after the Great Recession ended, the U.S. job market has settled into a sweet spot of steadily solid growth.
The 4.4 percent unemployment rate matches a decade low. Many people who had stopped looking for […]
WASHINGTON — More people sought U.S. unemployment benefits last week, yet total applications remained at a historically low level that suggests workers are enjoying solid job security.
THE NUMBERS: Weekly applications for unemployment benefits rose 10,000 to a seasonally adjusted 244,000, […]
DETROIT — President Donald Trump claimed direct credit Tuesday for Toyota’s new investment in a Kentucky plant, calling it new evidence of economic improvement in a White House discussion with CEOs. The company says the move was planned long […]
Jobless claims remained at the lowest level in fifteen years on Wednesday. Plus, three stocks to watch. Photo: Getty
WASHINGTON — A weakening U.S. economy spilled into the job market in March as employers added just 126,000 jobs – the fewest since December 2013 – snapping a 12-month streak of gains above 200,000.
The unemployment rate remained at 5.5 percent, […]
WASHINGTON — A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.
Employers added 209,000 jobs last month. Though that was fewer than in the […]
REDMOND, Wash. — Microsoft announced the biggest layoffs in its history Thursday, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone […]
SAN FRANCISCO – Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman’s years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
On Thursday, the […]
WASHINGTON — Fears of an economic slowdown are heightening anticipation of what Friday’s U.S. jobs report for January might reveal.
Stock markets have sunk after signs of weaker growth in the United States, Europe and China. Turmoil in developing countries has […]
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Broadway Shuts Its Doors Over Ongoing Coronavirus Concerns Copyright © 2020 Front Street Magazine. All Rights Reserved.