US achieves another pandemic low with 444,000 new unemployment claims
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
LA County Board of Supervisors approve pilot for guaranteed basic income
Supervisors Holly Mitchell and Sheila Kuehl co-authored a motion declaring that poverty and economic opportunity are public health issues and calling for a broad strategic plan to address a growing wealth gap.
Unemployment claims fall to 473,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Two-thirds of Californians to receive $600 stimulus payments
Individuals and households making between $30,000 and $75,000 a year would get a $600 payment, about two-thirds of Californians.
Biden says economic recovery a marathon, not a sprint amid weak jobs report
U.S. employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
In new pandemic low, unemployment numbers fall to 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.
California tribe to buy Palms Casino Resort in Las Vegas for $650M
A California tribe announced Tuesday that it is buying the Palms Casino Resort off the Las Vegas Strip.
Unemployment claims fall to 553,000
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
US economy grew at a robust 6.4% rate last quarter
The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
Pain at the pump: California gas prices reach $4/gallon, AAA reports
Average gas prices in California shot back up to $4 a gallon on Wednesday, according to AAA.
Biden signs executive order raising federal contract workers’ minimum wage to $15 an hour
President Joe Biden signed an executive order to increase the minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
Exodus from California, high-tax states driving unprecedented real estate boom
Real estate executive Rogers Healy said high taxes in states like California are drastically changing real estate trends. Hundreds of people moving to Dallas, Texas per day, he said.
Toilet paper, beer, wine among grocery store items expected to cost more, report says
As we are months removed from the panic buy era during the early stages of the pandemic, experts are predicting price hikes for toilet paper in the coming weeks.
Unemployment claims fall to 547,000, a new pandemic low
The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.
Nearly 50% of recent college graduates are jobless, survey says
A survey conducted by Monster found that nearly 50% of recent college graduates are jobless amid the ongoing COVID-19 pandemic.
Unemployment claims fall to 576,000, lowest since COVID-19 pandemic began
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
LinkedIn adding ‘stay-at-home parent’ to official job titles
LinkedIn is rolling out a variety of updates, which includes adding “stay-at-home mom/dad/parent” as official job titles to better explain career gaps.
Unemployment claims jump to 744,000 as layoffs persist amid pandemic
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.
Biden open to ‘good-faith negotiations’ on proposed $2.3T infrastructure plan amid GOP criticism
President Joe Biden on Wednesday said he’s open to negotiations on his proposed $2.3 trillion U.S. infrastructure plan that would largely be funded by an increase in corporate taxes.
Hiring ramps up as US adds 916K jobs in March
America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold.