IRS stimulus checks: Petition for additional $2,000 monthly payments nears 3 million
A Change.org petition calling on Congress to send additional $2,000 monthly economic stimulus checks to U.S. families is nearing its goal of three million signatures.
Economic recovery from pandemic will have ups and downs, Biden says
Amid rising consumer costs as the US rebounds from the COVID-19 pandemic, President Biden assured Americans Monday that the inflation is short-term.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
Money in the bank: Child tax credit dollars head to parents
The monthly payments amount to $300 for each child who is 5 and younger and $250 for those between 5 and 17. The payments are set to lapse after a year, but President Biden is pushing to extend them through at least 2025.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
Amazon to hire over 100,000 US veterans and military spouses by 2024
Amazon has 35,000 open jobs right now that are available to veterans.
US unemployment claims tick up to 373,000 from a pandemic low
U.S. unemployment claims rose slightly last week by 2,000 to a total of 373,000, even as the economy and the job market appear to be rebounding.
June jobs report: US adds 850,000 jobs as economy extends its gains
U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.
US unemployment claims fall to 364,000, a new pandemic low
U.S. unemployment claims dropped by 51,000 last week to 364,000, the lowest level since the pandemic began in 2020.
Home prices surge by most on record
Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.
US unemployment claims tick down to 411,000 as economy heals
The number of Americans applying for unemployment benefits declined 7,000 from the previous week to 411,000, the Labor Department said.
2020 teen summer employment was lowest since Great Recession
The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.
US weekly unemployment claims fall to 376,000, sixth straight drop
The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.
Chipotle raising prices to offset its $15 minimum wage hike
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
Families receive child tax credit letters: The dates you will receive payments
Low- and middle-income parents can expect to receive $3,000 for every child ages 6 to 17 and $3,600 for every child under age 6.
Restaurant labor shortage may force higher wages for workers
Critics claim unemployment benefits are keeping people out of the restaurant workforce. But workers and labor organizers say that the reality is more complex, and that food service workers haven't been paid a living wage.
May jobs report: US adds modest 559,000 jobs amid hiring struggles
U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.
Biden’s $6T budget proposal: Social spending, taxes on business
President Joe Biden rolled out his $6 trillion budget proposal for next year, which features new social programs for the poor and middle class. But it depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiraling out of control.
US unemployment claims fall to 406,000, a new pandemic low
The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.
Sales of new US homes fell 5.9% in April in wake of soaring house prices in March
Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.