Highest gains are in the service sector. Ahead of the coming release of the monthly job numbers by the Labor Department, a payroll company has reported the private…
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Unemployment at Lowest Point Since Pandemic Began
18.9 Americans still claiming benefits. Last week the number of jobless claims in the United States declined to the lowest point since the beginning of the COVID-19 pandemic.…
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Fed Chairman Gives Congress Economic Forecast
Describes the current state of affairs as “much improved.” On Tuesday, Federal Reserve Chairman Jerome Powell sat before Congress to give an up-to-date forecast of the nation’s economy.…
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President Signs COVID Relief Bill
Stimulus funds could come as early as this weekend. President Biden signed the $1.9 trillion COVID-19 relief legislation into law on Thursday. His signing commemorated the one-year anniversary…
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U.S. Adds 379,000 Jobs in February
Employment numbers surpass expectations. The Department of Labor announced February’s job gains on Friday, highlighting the continued recovery from last year’s massive layoffs and closures. 370,000 jobs were…
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More Aid Still Needed, Say White House Economists
Economy is in crisis, she says. Heather Bousley, a member of the White House Council of Economic Advisers said the U.S. economy needs more aid to ensure a…
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Census Bureau and HUD Show Increase in Home Sales
January 2021 residential sales higher than estimated. This past week, the Department of Housing and Urban Development and the U.S. Census Bureau released a joint report with statistics…
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Jobless Claims at Lowest Point in Three Months
California and Ohio see largest drops in unemployment claims. Last week, the number of Americans seeking new unemployment benefits dropped to the lowest point it has been in…
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House Plans Vote on COVID Bill Friday
$1.9 trillion legislation intended to stimulate the economy. The House Rules Committee published the new coronavirus relief bill text on Wednesday. It includes three new categories of spending…
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Another Stimulus Package to Follow $1.9T
“Need to go further,” says Senator Schumer. The $1.9 trillion American Rescue Plan package is expected to pass the House of Representatives this week. The Senate will vote…
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