#US economy shrank by 1.4% as inflation takes toll on GDP

#US economy shrank by 1.4% as inflation takes toll on GDP

“US economy shrank by 1.4% as inflation takes toll on GDP” The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s…

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#US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs

#US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs

“#US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs” The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year. Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week…

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#New jobless claims march lower toward pre-pandemic level

#New jobless claims march lower toward pre-pandemic level

“#New jobless claims march lower toward pre-pandemic level” The number of Americans newly seeking jobless benefits dropped again last week, inching closer to pre-pandemic levels amid the historically tight labor market, the feds said Thursday. As of last week, initial filings for unemployment benefits, seen as a proxy for layoffs, fell to 268,000, down 1,000 from the prior week’s…

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#Cuomo admin. blames bank for NYers not getting jobless benefits

#Cuomo admin. blames bank for NYers not getting jobless benefits

“#Cuomo admin. blames bank for NYers not getting jobless benefits” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com The Cuomo administration is still getting inundated with complaints from frustrated jobless New Yorkers who haven’t received federal pandemic-related unemployment benefits that officials promised to transfer into their accounts last week. “Everybody’s struggling,…

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