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Economic Report: Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»
Economic Report: Economy grows 3.2% in first quarter, GDP shows, in report showing strength as well as short-term boosts
Sharp upturn in state and local government spending helps the U.S. economy accelerate to a 3.2% annual rate in the first three months of 2019, the Commerce Department said Friday......»»
U.S. unemployment rate falls to 3.9 percent — lowest since 2000
Friday's figures indicate that the U.S. economy has gained jobs for 91 straight months......»»
NewsWatch: U.S. gains 916,000 new jobs in March and signals strengthening economy
Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. The official unemployment rate slipped to 6% from 6.2%......»»
Economic Report: U.S. gains 916,000 new jobs in March and signals strengthening economy
Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. The official unemployment rate slipped to 6% from 6.2%......»»
As Uber avoided paying into unemployment, the federal government helped thousands of its drivers weather the pandemic
The loans came as Uber and gig economy companies added billions to their stock values after defeating an effort to make drivers employees......»»
Unemployment rate falls to 6.2% as US adds 379,000 jobs
U.S. employers added a robust 379,000 jobs in February, a sign that the economy is strengt.....»»
Bond Report: 10-year Treasury yield marks biggest daily jump in over three months
U.S. Treasury yields rise Tuesday, starting the holiday-shortened week on a bearish footing as traders flee from longer-dated government bonds amid expectations for vaccines and fiscal spending to power the economy through the pandemic......»»
UK unemployment hits highest level in 5 years, but government support limits pain during new COVID lockdowns
UK unemployment touched its highest level in 5 years in the three months to November. But the government's furlough scheme has kept a lid on the pain. Th.....»»
US unemployment claims jump to 965,000, highest in months
The high pace of layoffs coincides with an economy that has faltered as consumers have avoided traveling, shopping and eating out in the face of soaring viral caseloads. More than 4,300 deaths were reported Tuesday, .....»»
U.S. companies got emergency government loans despite having months of cash
In the harshest downturn for American workers in U.S. history, employers cut in April and the unemployment rate more than tripled to 14.7%. Back in February, before the coronavirus<…; pandemic... To view the full story, click the title link......»»
Explainer: Why 14.7% unemployment rate doesn"t capture the true state of the coronavirus economy
The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed......»»
Explainer: Why Friday"s U.S. jobless figures won"t capture the true state of the coronavirus economy
The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published Friday morning......»»
More than 100,000 unemployment claims were filed in Kentucky last week
A grim report from the federal government Thursday morning revealed more than 100,000 Kentucky workers filed new unemployment claims last week, underscoring the economic devastation of the coronavirus shutdown on the state's economy. According to.....»»
With economy in crisis, U.S. lets importers delay some tariff payments
The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they owe the government......»»
LIVE UPDATES: Treasury Secretary Mnuchin predicts US economy will rebound in months, Spain eases lockdown for children to play
Associated Press We'll keep this page updated with the biggest coronavirus headlines of the day. Scroll down for more information on.....»»
Wall Street falls as coronavirus cuts into U.S. payrolls
Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession......»»
The government"s official scorekeeper just poured cold water all over the Trump administration"s predictions of a rapid economic recovery from the coronavirus
Reuters A new CBO report said the economy would shrink by 7% in GDP and unemployment would surge to 10% in the second quarter, a level unseen since the Great .....»»
Consumer spending rose a mild 0.2% in February ahead of pandemic
Consumer spending increased a mild 0.2% in February, the government said Friday. Spending, the main engine of the economy, has slowed a bit in 2020 ahead of the coronavirus. Spending is expected to dramatically weaken in the next few months as.....»»
Roughly 5 million people in China lost their jobs in the first 2 months of the year
The jump in unemployment was just one of several data points released Monday that showed how severely the virus has hit growth in the world's second-largest economy......»»