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Unemployment Fell to 3.5% Under Biden. For How Much Longer?
President Joe Biden keeps seeing good economic news and bad public approval ratings.
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Unemployment Rate Falls to 3.5% in September, Payrolls Rise by 263,000 as Job Market Stays Strong
Nonfarm payrolls in September increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5%.
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Fewer Americans Filed for Jobless Benefits Last Week
Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.
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California Sets New Low Unemployment Record in July
California’s unemployment rate has hit a record low. The California Employment Development Department says the state’s unemployment rate was 3.9% in July.
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Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation
The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.
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Feds Fine Bank of America $225M for Unemployment Failures and Describe EDD ‘Black Hole'
The federal government on Thursday fined Bank of America $225 Million for “botching” its handling of unemployment funds during the pandemic. It also ordered the bank to pay millions of workers back benefits.
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June Numbers Show Job Growth is Strong, Unemployment Low
After weeks of bad economic news, the latest federal numbers show that job growth is surprisingly strong and unemployment is still very low.
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June Numbers Show Job Growth Is Strong, Unemployment Low
After weeks of bad economic news, the latest federal numbers show that job growth is surprisingly strong and unemployment is still very low. Business and Tech Reporter Scott Budman explains how this happened.
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US Employers Added a Solid 372,000 Jobs in June in Sign of Resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases
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US Added 428,000 Jobs in April Despite Surging Inflation
America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century. Employers have added at least 400,000 jobs for 12 straight months. Still,...
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Political Analysis: Economy, Supply Chain Problems
Unemployment in the United States is below 4% near a record low yet union organizing is coming back across the nation. Add this development to record supply chain problems. NBC Bay Area Political Analyst Larry Gerston explains.
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Who May Still Be Eligible for $1,400 Stimulus Checks With Their 2021 Tax Returns
Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.
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California Unemployment Rate Falls to 5.4% in February
California’s unemployment rate has fallen to 5.4% after employers added a surprising 138,100 jobs in February
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Proposed Pilot Program Would Give $300 a Week to Unemployed Undocumented Immigrants in California
Democratic Assemblyman Eduardo Garcia introduced the California legislature Bill 2847 which would create a pilot program to offer money weekly for 20 weeks to unemployed people who are not eligible to receive unemployment benefits because they are undocumented.
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Weekly Jobless Claims Total 214,000, Better Than Expected for Tight Labor Market
Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate for 220,000
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Covid Pushed Nearly 5 Million More in Southeast Asia Into Extreme Poverty, Says Asian Development Bank
Covid-19 pushed 4.7 million people in Southeast Asia into extreme poverty last year and erased 9.3 million jobs, the Asian Development Bank said.
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Two Years Ago Stocks Dropped 12% in a Single Day. Here Are Lessons Investors Learned That Can Still Apply
The initial onset of Covid-19 sent shocks through U.S. markets in 2020. Here’s what investors can still take from that experience today.
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Coalition of Start-Up Founders and Investors Aims to End the Gender Pay Gap for Pre-IPO Companies by 2027
Members pledge to reduce gender pay gaps by 60% in the group’s first year of operation.
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Silicon Valley Unemployment Rate on the Rise
Silicon Valley’s unemployment rate increased by 3.2 percent in January due in part to a drop in seasonal employment and a significant spike in COVID-19 cases that occurred before the holidays.