Unemployment claims fall to 684,000, fewest since start of pandemic

The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.

Stimulus checks: IRS says next batch of payments will be disbursed in coming days

Officials from the IRS and U.S. Treasury said Monday the next batch of COVID-19 stimulus payments will start hitting bank accounts later this week. Mailed checks will start going out as well.

US unemployment claims rise to 770,000 with layoffs still high

The four-week average of claims, which smooths out weekly variations, dropped to 746,000, the lowest since late November.

Layoffs ease as unemployment claims drop to 712,000

The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.

House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday

The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.

COVID-19 relief bill: Democrats strike deal on jobless benefits after logjam

Senate leaders and moderate Democratic Sen. Joe Manchin have struck a deal over emergency jobless benefits, breaking a nine-hour logjam that had stalled the party’s showpiece $1.9 trillion COVID-19 relief bill.

In hopeful sign for economy, US adds 379,000 jobs in February

U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.

Unemployment claims climb to 745,000; layoffs still high

The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

Unemployment claims drop to 730,000; pandemic keeps layoffs high

The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.

Nobel Prize-winning economist weighs in on failure of Texas power grid

A Nobel Prize-winning economist who has become known for his hard-hitting arguments is taking on the Texas power grid debacle.

Tech stocks slide as bond yields spike, GameStop soars

Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.

Did you get the right stimulus check amount? Why you need to know before filing your tax return

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.

Unemployment claims dip to 793,000; layoffs remain high

Fewer Americans sought unemployment benefits last week, lowering jobless claims to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.

Employers added 49K jobs last month as US unemployment fell to 6.3%

U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.

Jobless claims fall to 779,000; layoffs grind on

The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.

Democrats urge Biden to cancel up to $50k in student loan debt by executive action

The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.

'I am optimistic now': Post-pandemic hiring could rebound quickly

A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.