WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines
December 14, 2020Latest News Updates From Christopher Rugaber
Fed to Weigh Further Options for Aiding US Economy
Number Seeking US Jobless Aid Drops to Lowest Since March
The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.
November 12, 2020Layoffs Remain Elevated as 898,000 Seek Jobless Aid
WASHINGTON — The number of Americans seeking unemployment benefits rose the week of Oct. 5 to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago.
October 15, 2020US Layoffs Remain Elevated as 840,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.
October 8, 2020US Layoffs Remain Elevated as 837,000 Seek Jobless Aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
October 1, 2020US Adds 1.8 Million Jobs in Sign That Hiring Has Weakened
The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is weakening hiring and the economic rebound.
August 7, 2020Fed Sees Dim Economic Outlook as Virus Squeezes Economy
WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.
July 29, 20201.4 Million Seek Jobless Aid, First Increase Since March
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
July 23, 2020Number of Laid-Off Workers Seeking Jobless Aid Stuck at 1.3 Million
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
July 16, 2020Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid
More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
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