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“#COVID lockdowns cost jobs, don’t appear to have saved lives” We’ve locked down the economy instead of the virus. Jobs are recovering slower in New York and other states holding on to stringent COVID-19 restrictions than in states that fully reopened their economies, even though continued lockdown measures don’t appear to be saving lives, an…
“#Rising employment shows that the US economy doesn’t need more ‘relief’” With the economy showing evidence of steady recovery, federal aid incentivizing unemployment may soon be a bigger problem for the job market than pandemic layoffs. Thursday’s Labor Department report showed 547,000 first-time unemployment claims this week, marking the second straight week of record-low initial…
“#Workers file 547K new jobless claims in sign layoffs are slowing” The number of Americans applying for unemployment benefits has hit its lowest level since the pandemic began, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, significantly below the Dow Jones estimate for 603,000, putting the economy on track to return…
“#Federal ‘relief’ so good it’s easier to stay home than to work” With half of American adults having had at least one vaccine dose and restrictions gradually easing throughout most of the country, employers are eager to rebuild the economy. One problem: Unemployment benefits have become so generous, people aren’t taking jobs. The Federal Pandemic…
“#Dow crosses 34,000 mark as stocks head to new record highs” The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are…
“#Businesses are struggling to hire workers — and say Uncle Sam is to blame” Workers are hard to find despite the vaccination rollout and a stubbornly high unemployment rate — and business owners say Uncle Sam is to blame. Just this past Monday, Sean Macari, owner of a job recruitment company in Albany, offered a…
“#Economy’s strength shows it has no need of Biden’s ‘help’” With employment growing by 916,000 jobs in March, the strongest jump since August and beating economists’ expectations, it’s clear the US economy doesn’t need the “help” President Joe Biden insists on sending. After all, the unemployment rate also notched down to 6 percent — closer…
“#916,000 jobs added, 6 percent unemployment” The US economy added 916,000 jobs in March as the labor market’s smoldering recovery from the coronavirus pandemic grew into a fire that’s only expected to get hotter, federal data show. The strongest job growth since August beat economists’ expectations for a gain of 635,000 as more Americans got vaccinated…
“#719,000 filed in bounce from COVID-19 low” The number of Americans seeking unemployment benefits unexpectedly jumped above the pre-coronavirus record once again last week, the feds said Thursday. The batch of 719,000 initial jobless claims came just a week after new filings reached their lowest level since the start of the devastating COVID-19 pandemic. Jobless…
“#NYC economy still ‘fragile’ as state Dems push $7B in new taxes” More than 650,000 city jobs have vanished, key businesses are on the brink of collapse, it will be years before the economy recovers — and Democratic legislators think it’s a great time for $7 billion in new taxes. As Albany lawmakers negotiate the state…