Unemployment Claims Jump Just Before Critical Aid Programs Are Set To Expire
Jobless claims rose sharply last week as critical relief programs, including expanded jobless benefits, are due to expire the day after Christmas.
US economy
Unemployment Claims Jump For 2nd Week As Pandemic Rages
Claims for state unemployment benefits again rose last week, signaling ongoing weakness in the job market as coronavirus infections continue to soar.
Vaccine Could Unlock Trillions In Spending, Leading To 'Biden Boom'
Pent-up demand from households that have been cooped up over the last eight months could drive a spending boom in the spring, providing a big boost to the economy.
Unemployment Drops To 6.9%, But Pandemic Surge Clouds Recovery
U.S. employers added 638,000 jobs last month as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.
Election Shows Stark Partisan Divide On Economy, Coronavirus
Partisan views are shaping opinions of the economy as the nation slowly digs its way out of the coronavirus recession.
U.S. Economy Grows At Record Pace But Still Has A Long Way To Go
U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.
Last Report Card On U.S. Economy Before Elections Will Be A Blockbuster
The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won't repair all of the damage done during the spectacular downturn three months earlier.
As Economic Recovery Slows, Fed Sees Many Risks And Pledges Full Support
The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.
Rebound In Consumer Spending Fades In July
Consumer spending rose 1.9% last month — but the rebound slowed from May and June. Unemployment benefits continued to prop up spending in July, but that may change in August.
U.S. Economy On High Alert Over Shaky Future Of Extra Jobless Benefits
As Congress debates whether to renew supplemental unemployment benefits for people thrown out of work by the pandemic, new research shows those benefits offer a critical boost for the U.S. economy.