Thursday, July 29, 2021

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Christopher Rugaber

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US jobless claims rise to 419,000 from a pandemic low

WASHINGTON (AP) – The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job...

Pandemic recession ended in April 2020, shortest on record

WASHINGTON (AP) – It hit like a derailed train, was hugely destructive but short-lived. The recession that broke out with the onset of the coronavirus...

Powell says inflation, though elevated, will likely moderate

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated...

U.S. job openings rise to record high, layoffs hit new low

WASHINGTON (AP) – United States employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy generates...

U.S. adds a solid 850,000 jobs as economy extends its gains

WASHINGTON (AP) – In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three...

US jobless claims tick down to 411,000 as economy heals

WASHINGTON (AP) – The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is...

Fed’s Powell says high inflation temporary, will ‘abate’

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a...

Fed sees faster time frame for rate hikes as inflation rises

WASHINGTON (AP) – The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies...

U.S. adds modest 559,000 jobs, a sign of more hiring struggles

WASHINGTON (AP) – United States employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are...

U.S. jobless claims fall again as some states end federal aid

WASHINGTON (AP) – The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the...

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