Debt ceiling: House passes short-term increase, sends to Biden
The House approved a short-term debt ceiling increase so President Joe Biden can sign it into law this week.
Gas prices on the rise, leaving only 8 states under $3 per gallon
U.S. gas prices across the nation stand at about $3.25 per gallon.
Americans quit jobs at highest rate on record in August, Labor Department says
One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.
September jobs report: US adds weak 194K jobs as delta maintains hold
U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.
US unemployment claims fall to 326,000, first drop in four weeks
U.S. unemployment claims were down by 38,000 to 326,000 last week, the first drop in four weeks.
Bacon prices hit record high amid supply chain disruptions, increased demand
The cost of bacon was $4.77 in 2011 and has risen nearly 50% this year, according to U.S. Bureau of Labor and Statistics data.
Biden calls GOP’s refusal to raise debt ceiling ‘hypocritical’
President Joe Biden is giving remarks on the debt ceiling, as the U.S. quickly approaches its limit on federal borrowing.
US unemployment claims rise for 3rd straight week amid delta spread
U.S. unemployment claims rose by 11,000 last week to 362,000, the Labor Department said Thursday.
US unemployment claims tick up from near a pandemic low
U.S. unemployment claims rose last week for a second straight week to 351,000.
Biden calls on wealthy to ‘pay their fair share’ in speech on economy
President Biden says America's economy is at an inflection point during a speech Thursday afternoon.
Biden pushes 'buy American' efforts, energy investments at truck plant
President Joe Biden's visit to the facility in the Lehigh Valley comes as his administration pushes new “buy American” efforts and advocates for government investments and clean energy as ways to strengthen U.S. manufacturing.
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.
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 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.
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.
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.
Biden touts economic recovery plan as Treasury Dept. starts paying out $350B in state and local aid
President Biden on Monday announced steps to make it easier for employers to hire new workers and touted the country’s economic recovery plan following a disappointing April jobs report.
Chamber of Commerce calls for end to enhanced jobless aid
The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.
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.