New unemployment applications at the lowest level since the start of the pandemic. The Department of Labor released its report on Americans applying for unemployment insurance on Thursday.…
Read MoreEconomy
Social Security Cost of Living Benefit Increased for 2022
5.9% increase aims to address rising inflation. The Social Security Administration announced on Wednesday that it would be increasing its cost of living adjustment (COLA) by 5.9% in…
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President Expresses Confidence in Slow Employment Gains
Growth stunted by delta variant and vaccine mandates. Economists projected that in September the U.S. employment rate would grow by 500,000 jobs. However, due to the Delta COVID-19…
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Labor Department Releases Jobs Report
Economy still sluggish despite a record number of job openings. The Department of Labor released its monthly jobs report on Friday, which highlighted the slow recovery from the…
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Consumer Confidence Hits Seven Month Low
Commerce Department issues report on inflation-adjusted spending. The Department of Commerce released a report that reflects U.S. consumer confidence dropping for the third straight month in a row,…
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Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
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President Meets With Business Leaders
Companies with over 100 employees are subject to mandatory vaccination or weekly testing. On Wednesday, President Biden met with executives of several large corporations regarding COVID-19 vaccine requirements…
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House Committee to Debate $3.5 Trillion Budget
Work sessions are scheduled for Thursday and Friday. Representative Richard Neal of Massachusetts, Chairman of the House Ways and Means Committee, said they will attempt to advance the…
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Federal Unemployment Benefits Expire
Some states use federal Rescue Plan funds to keep benefits going. Without any objections from President Biden and his top economic advisers, the end of federal unemployment benefits…
Read MoreLabor Department Releases Jobs Report
Hiring for the past month does not meet expectations. The Department of Labor released its monthly jobs report on Friday, detailing the state of the U.S. job market.…
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