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JIM WATSON / Contributor / Getty Images Speaking at a Saturday news conference, President Donald Trump commemorated the US economy for seeing “a new record for jobs” for people of color. But the monthly jobs report the Bureau of Labor Statistics released Friday said the unemployment rate for the Black population “showed little change.” Th […]
President Donald Trump has bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed
The payroll tax deferment would not aid unemployed workers, who do not pay the tax when they are jobless
A federal supplement to jobless pay was a lifeline for millions and for the economy. Its cutoff, even if temporary, may have lasting consequences.
GDP to shrink 9.5 per cent this year – less severe than the 14 per cent which had been forecast – but Bank warns of surge in unemployment amid ‘unusually uncertain’ outlook
Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.
Economists worry expiration of $600 weekly lifeline will lead to sharp drop-off in household spending and set back the economyAnother 1.18 million people filed for unemployment benefits last week as economists worry the expiration of enhanced unemployment benefits will lead to a sharp drop-off in household spending and set back the US economy’s near-term rec […]
Germany has flattened its curve, and unemployment has barely budged. And some Germans living in the U.S. are mystified by how politicized the pandemic has become here.
The rebound in growth in the third quarter is more muted than expected, meaning a higher unemployment rate at the end of the year, said Dallas Fed President Robert Kaplan on Monday.
The federal enhanced unemployment benefit that out-of-work Americans have relied on amid the coronavirus pandemic has now officially expired — and Democrats and Republicans are still far apart in negotiations over a new stimulus package that could bring relief with no deal in sight.
Jobless claims for last week were roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.
Foreaders 