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US jobless claims rise to 770,000 with layoffs still high
The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. econom.....»»
One chart shows how Main Street feels blue as Wall Street hits record highs
While the stock market may be on the uptick, unemployment rates remain high - and may not return to pre-pandemic levels for a decade. Labor organizations called for car caravan demonstrations across the US to protest record unemployment on .....»»
US jobless claims fall slightly to 793,000 with layoffs high
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain hi.....»»
Treasury Secretary Janet Yellen: Biden"s stimulus bill could help US employment bounce back to normal by 2022
Without a sufficient pandemic relief package, economic recovery will be slow and unemployment will remain elevated through 2025, Yellen said Sunday. Without the bill, recovery could p.....»»
900,000 filed for jobless claims last week, a historically high level as Biden inherits worst job market of any modern president
Weekly unemployment claims remain near 1 million, far above previous recessions, because of.....»»
Jobless claims remain high, raising stakes for Trump’s new demands on economic relief bill
If Trump does not sign the $900 billion stimulus package, up to 14 million Americans will lose unemployment aid after Christmas......»»
Nearly 3 million file weekly jobless claims, above estimates
Almost 3 million workers in the U.S. filed for state unemployment benefits last week. That marked the sixth straight weekly decline, But as Fred Katayama reports, claims remain astoundingly high......»»
U.S. inflation accelerates to six-year high, eroding wages
U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment......»»
U.S. inflation accelerates to six-year high, eroding wages
U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment......»»
Inflation accelerates to a 6-year high, eroding wages
U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment......»»
The Wall Street Journal: Streaming-music industry still plagued by piracy
Even as Spotify and Apple Music have returned the music business to growth by getting fans to pay, piracy rates remain stubbornly high, according to the record industry’s global trade organization......»»
As Unemployment Shrinks in Europe, Big Disparities Linger
The eurozone’s unemployment rate fell to its lowest rate in more than a decade, a sign that the economic slowdown is unlikely to turn quickly into a recession, but rates in Southern Europe remain high......»»
Stock market today: Stocks slide for 5th session as Fed officials cast more doubt on rate cuts
The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts for interest rates to remain high. Traders work on the floor.....»»
California in a jam after borrowing billions to pay unemployment benefits
California's massive budget deficit, coupled with the state's relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it ha.....»»
What $1M will fetch you in the world"s most expensive real estate markets
Prices in luxury real estate markets remain high, meaning $1 million won't get you very far when shopping in places like Monaco, Hong Kong and Singapore......»»
The Conversation: Why widespread health problems could follow from high unemployment during the pandemic
Losing a job can mean decades of health problems, which is a good enough reason to prevent layoffs......»»
Report: Seattle office sublease rate among highest in US
Despite the high sublease rate, the area’s office building sales remain among the nation’s top five so far this year......»»
Yellen says corporate tax hike can pay for infrastructure
President Biden is pushing to raise the corporate tax rate to as high as 28%, and has enlisted his top economic advisers to push the message......»»
High unemployment rates persist in Chicago’s south suburban communities of color
While the economy as a whole has rebounded as the effects of the COVID-19 pa.....»»