U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
Delivery services and grocery store chains are among those in need of help.
Full-time hourly associates were given a $300 bonus and part-time hourly and temporary associates received $150 on June 25.
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
Millions of Americans’ financial information was compromised in an Equifax data breach in 2017.
The new application released by the Small Business Administration on Wednesday is just five pages long.
Lawmakers are at odds over additional aid for the tens of millions of Americans who are still unemployed.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
CBO expects a 'significant markdown' in GDP over the coming decade.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
It was the biggest quarterly decline in more than a decade, since an 8.4% fall in 2008 during the depths of the financial crisis.
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
The Los Angeles County Board of Supervisors voted on Tuesday to support lawsuits against the Trump administration's moves to make it harder for refugees to resettle in the U.S. and to deny COVID-19 relief funds to students living in the country illegally.
Allied Universal, one fo the largest security providers, is looking to hire 1,200 security jobs.