Hiring stalled more than expected in August, with the addition of new 235,000 jobs after totaling 962,000 in June and 1.05 million in July, according to the U.S. Bureau of Labor Statistics (BLS) weekly report on Friday (Sept. 3). The unemployment rate dropped 0.2% to...
Special purpose acquisition companies (SPACs) have seen a rout wipe out much of their value after looking promising earlier in the year, The Wall Street Journal (WSJ) reported Thursday (Sept. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
New jobless claims for the week ending Aug. 28 dropped 14,000 to 340,000, beating forecasts of 345,000 and hitting the lowest level yet since the COVID-19 pandemic gripped the U.S. in March 2020, when it was 256,000. Get the Full Story Complete the form to...
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...
