Depending on the state where U.S. residents live, they had a 50/50 chance of having their enhanced federal unemployment benefits terminated early. Yet, regardless of the outcome – either the benefits ending early or continuing until the Sept. 6 deadline – job growth throughout the...
Confidence among U.S. consumers dropped in August to its lowest level since February as the COVID-19 delta variant continued its spread and higher inflation rates loomed as a possibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Millions of unemployed workers will be kicked off federal pandemic unemployment assistance (PUA) on Saturday (Sept. 4), even though the return to work is backsliding amid the escalating number of COVID-19 cases due to the delta variant, CNBC and other news outlets reported on Tuesday...
Greek philosopher Epicurus gets the nod for writing, “Skillful pilots gain their reputation from storms and tempest.” As wildfires, tropical storms, floods and hurricanes compound the COVID-crisis, there’s no shortage of tempests disrupting finances and financial markets in recent times. Get the Full Story Complete...
Consumer spending — the driving force in the U.S. economy — was up in July, but at 0.3 percent, just a fraction of last month’s increase of 1.1 percent, the Bureau of Economic Analysis (BEA) said in its monthly report on Friday (Aug. 27). Get...
New jobless claims are up 4,000 for the week that ended Aug. 21 for a total of 353,000, according to the weekly report from the Bureau of Labor Statistics (BLS) on Thursday (Aug. 26). The previous week’s report was revised up by 1,000 from 348,000...
The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter of 2021, which ends in about a week, the Federal Reserve Bank of Atlanta estimates. Get the Full Story Complete...
The global supply chain slowdown is affecting some of the largest food distributors in the U.S., which are having trouble fulfilling orders because of a lack of workers, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New jobless claims dropped to a new pandemic-era low, coming in at 348,000 for the week ending Aug. 14, a drop of 29,000 from the previous report, according to the latest figures from the Bureau of Labor Statistics (BLS) on Thursday (Aug. 19). Get the...
