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In July, unemployment rates were lower in 17 states and the District of Columbia and stable in 33 states. Nonfarm payroll employment increased in 38 states and the District and was essentially unchanged in 12 states.
Continue reading …(CN) — American employers added 943,000 jobs in July, a sign that the economic recovery from the coronavirus pandemic remained on track before the delta variant sparked new worries about a return to widespread restrictions. While employers beat expectations of around 850,000 new jobs last month, some experts say the next jobs report may […]
Continue reading …(CN) — After a last-minute Congressional scramble on Friday failed to extend the federal eviction moratorium, the measure is set to expire Saturday, ending protections that have helped millions of Americans keep a roof over their head during an unprecedented medical emergency. “It’s like the worst thing that can happen to a family,” said Zach […]
Continue reading …SACRAMENTO, Calif. (CN) — The prolonged revival of the leisure and hospitality sector continues to spur California’s economic recovery as the state added more jobs in June than any other except Florida. California gained a robust 73,500 payroll jobs last month, but signs of a slowdown are emerging as its 7.7% unemployment rate remains stubbornly […]
Continue reading …MANHATTAN (CN) — Inflation jumped nearly 1% again last month, with the hot economy seeing the largest one-month increase since the early days of the Great Recession. Core inflation — a measure of prices, sans food and energy — and headline inflation — which measures all goods — both increased by 0.9%, about double what […]
Continue reading …(AP) — Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20 countries endorsed the plan at a meeting Saturday in Venice. U.S. […]
Continue reading …MANHATTAN (CN) — The first six months of 2021 could have been better, but investors are hard-pressed to complain too much, netting double-digit percentage gains in all three major U.S. indices. Since January 4, the Dow Jones Industrial Average has gained nearly 14% in value, while the S&P 500 and Nasdaq gained almost 16% and […]
Continue reading …The gain shows the recovery from the coronavirus pandemic is picking up pace, but the U.S. is still down millions of jobs compared to February 2020. A shopper enters a Dollar Tree store displaying a now-hiring sign in Buffalo Grove, Ill., last week. (AP Photo/Nam Y. Huh) (CN) — American employers added a robust 850,000 […]
Continue reading …SACRAMENTO, Calif. (CN) — California employers added nearly 105,000 new jobs in May, yet weakened pandemic restrictions that allowed much of the hospitality and entertainment industries to fully reopen didn’t make a dent in the state’s unemployment rate. State officials on Friday pegged the state’s rate at 7.9%, a negligible improvement from April’s 8%. Even […]
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