ECONOMY

Hiring Slowed In August With The Surge In Coronavirus Cases

5:16pm September 03, 2021

by Scott Horsley

Hiring slowed sharply in August, as businesses and would-be workers responded to a surge in new coronavirus cases. Employers added just 235,000 jobs, and the unemployment rate dipped to 5.2%.

A hiring sign gets displayed in a store window in New York City in August. Last month saw a sharp slowdown in hiring from previous months as the pandemic wears on and creates uncertainty.

Economy

U.S. Hiring Slows Sharply As Latest Coronavirus Surge Slams The Brakes On The Economy

12:04pm September 03, 2021

by Scott Horsley

Hiring slowed in August as a surge in new coronavirus infections weighed on the economic recovery. Employers added just 235,000 jobs last month, a sharp drop from June and July.

Economy

Analysts Expect August's Job Gains To Be Smaller Than Previous Gains

8:03am September 03, 2021

by Scott Horsley

Forecasters say a surge in new coronavirus cases likely weighed on hiring last month, after big job gains in June and July. The Labor Department reports on August employment on Friday.

A person scans a QR Code on an Apple Watch to send a digital driver's license temporarily to another mobile phone last month in Salt Lake City. Utah is among eight states that eventually will let users add a license or state ID to Apple Wallet.

Driver's Licenses Will Soon Be Coming To The iPhone And Apple Watch In These 8 States

6:25pm September 02, 2021

by Jonathan Franklin

Arizona and Georgia will be the first two states to introduce the new feature, which will allow users to add a license or state ID to their Apple devices.

Economy

Test Your Investing Brain With The Summer School Final Quiz

8:51pm September 01, 2021

Think you know your index funds from your junk bonds? It's time to find out! Eight questions stand between you and a diploma-like certificate of completion for Summer School Season 2.

Marianne LeBlanc stages in-person corporate events. But those jobs disappeared during the pandemic and have been slow to return.

Millions Will Lose Unemployment Benefits. That Doesn't Mean They'll Return To Work

4:29pm September 01, 2021

by Scott Horsley

Enhanced unemployment benefits launched during the pandemic expire next week, cutting a vital lifeline for millions of jobless Americans. Research suggests most will not find work right away.

Economy

Pandemic Jobless Benefits End Next Week For Millions Of Unemployed Americans

12:10pm September 01, 2021

by Scott Horsley

While the job market has improved, millions are still relying on pandemic unemployment benefits, which are set to run out soon. Some states have already cut benefits, but that plan may have backfired.

Southern California Has Jobs For Incoming Afghans — But Not Much Affordable Housing

4:50pm August 31, 2021

by Josie Huang

Afghans making their way to some California communities have run into a challenge that many residents face — affordable housing. Costs have made it difficult to find long-term places to live.

Federal Reserve Board Chairman Jerome Powell testifies before a House Oversight and Reform Select subcommittee hearing in June. Powell said Friday the economic recovery continues, signaling it may soon be time for the central bank to start removing some

Economy

Powell Says It May Soon Be Time For The Fed To Start Reducing Its Big Economic Support

4:31pm August 27, 2021

by Scott Horsley

Federal Reserve Chairman Jerome Powell says the economy continues its recovery, hinting the central bank could dial back its extraordinary efforts to prop up the economy later this year.

Economy

New Stores Are Still Opening Despite The Pandemic

6:18am August 27, 2021

by Alina Selyukh

Something remarkable has been happening in American retail. Despite the devastation of the pandemic, people are still opening new stores. That's true about major chains but also small shops.