Economy

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.

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.

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.

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.

A survey conducted by Monster found that nearly 50% of recent college graduates are jobless amid the ongoing COVID-19 pandemic.

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 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.

The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.

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.

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.

The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.

The U.S. Education Department is temporarily relaxing the rules of a student loan forgiveness program that's meant to help people with disabilities but that critics say carries overly burdensome rules.

The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.

The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.

The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.

Senators worked through the night on the $1.9 trillion COVID-19 aid bill and have approved the package with a 50-49 vote. The bill is on track to pass in the House next week.