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US Unemployment Claims Rise After Hitting Pandemic Low
Economy
US Unemployment Claims Rise After Hitting Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that worsening COVID infections may have slightly increased layoffs. Applications for jobless aid rose from 312,000 the week... Read More

Adapt or Else: Downtown Businesses Cope With New Reality
Economy
Adapt or Else: Downtown Businesses Cope With New Reality

NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods and services and last-minute gifts. As the resilient coronavirus keeps offices... Read More

U.S. Produce Prices Up 8.3% in August From a Year Earlier
Economy
U.S. Produce Prices Up 8.3% in August From a Year Earlier

WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index... Read More

Yellen Warns US May Hit Debt Limit in October
Treasury
Yellen Warns US May Hit Debt Limit in October
2021-09-08 18:16:10
by Dan McCue

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

Jobless Americans Will Have Few Options as Benefits Expire
Employment
Jobless Americans Will Have Few Options as Benefits Expire

NEW YORK (AP) — Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those who are still being hit financially by the year-and-a-half-old coronavirus pandemic. Two critical programs expired on... Read More

Gig Apps for a Pandemic Economy: Part Time, No Commitment
Employment
Gig Apps for a Pandemic Economy: Part Time, No Commitment

LONDON (AP) — For months, Gabrielle Walker had been looking for a part-time job. She applied to restaurant chains and retailers like Nando's and Primark, and she scoured the job search site Indeed. Nothing. Then one day, Walker, a 19-year-old... Read More

US Jobless Claims Hit a Pandemic Low as Hiring Strengthens
Economy
US Jobless Claims Hit a Pandemic Low as Hiring Strengthens

WASHINGTON (AP) — The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America's job market is rebounding from the pandemic recession as employers boost hiring to... Read More

Employers Face Difficulties Filling Open Positions While Unemployment Remains High
Employment
Employers Face Difficulties Filling Open Positions While Unemployment Remains High
2021-08-18 14:03:30
by Alexa Hornbeck

A recent report from the National Council on Compensation Insurance finds that there are now 3 million fewer Americans in the labor force than there were before the pandemic.  “At the pandemics onset, there were 18 million people on temporary... Read More

US Jobless Claims Down 14,000 to 385,000 as Economy Rebounds
Employment
US Jobless Claims Down 14,000 to 385,000 as Economy Rebounds

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession. The Labor Department reported Thursday that... Read More

Blue Dogs Back Bipartisan Return to Work Legislation
Employment
Blue Dogs Back Bipartisan Return to Work Legislation
2021-08-04 19:56:29
by Dan McCue

WASHINGTON -- The Blue Dog Coalition of House Democrats is throwing its considerable influence behind a bill that aims to help unemployed Americans return to work by ensuring they do not lose income when they take a new job. The... Read More

Commerce Secretary Says Aging Population Will Hit US Like ‘Ton of Bricks’
Health
Commerce Secretary Says Aging Population Will Hit US Like ‘Ton of Bricks’
2021-07-14 15:47:56
by TWN Staff

Commerce Secretary Gina Raimondo said Monday that the United States’ aging population will hit the economy “like a ton of bricks” without increased federal aid for at-home elder and disabled care. Raimondo made the comments during an interview with Reuters,... Read More

As Employers Struggle to Fill Jobs, Teens Come to the Rescue
Employment
As Employers Struggle to Fill Jobs, Teens Come to the Rescue

WASHINGTON (AP) — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude this summer: Thank goodness for teenagers. As the U.S. economy bounds back with unexpected speed... Read More

US Economy Up 6.4% in Q1 With Stronger Future Gains Expected
Economy
US Economy Up 6.4% in Q1 With Stronger Future Gains Expected

WASHINGTON (AP) — The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades.... Read More

SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program
Business
SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program
2021-06-22 21:27:29
by Kate Michael

WASHINGTON — While much good came from the COVID relief funds doled out by the Small Business Administration as the pandemic ran its course time has shown that certain businesses -- particularly those owned by women and minorities -- went... Read More

Wedding Boom is On in US as Vendors Scramble to Keep Up
Business
Wedding Boom is On in US as Vendors Scramble to Keep Up

NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era wedding boom that has venues and other vendors in high demand. With restrictions on large gatherings loosening, wedding planners and others who make the... Read More

Princess Reema bint Bandar Says American Childhood Prepared Her for Ambassadorship
Political News
Princess Reema bint Bandar Says American Childhood Prepared Her for Ambassadorship
2021-06-01 14:38:50
by Kate Michael

WASHINGTON — Her Royal Highness Princess Reema bint Bandar remembers DC’s cicadas. In fact, she says she lived through the “cicada invasion” twice during her “non-diplomatic, but highly socially-connected” childhood in Northern Virginia while her father served as Saudi Arabian... Read More

US Jobless Claims Fall to 406,000, a New Pandemic Low
Employment
US Jobless Claims Fall to 406,000, a New Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday's report from the... Read More

Tourism Industry, Still Weak, Looking for Help
Travel
Tourism Industry, Still Weak, Looking for Help
2021-04-14 13:55:47
by Tom Ramstack

WASHINGTON -- The U.S. economy is continuing its recovery from the COVID-19 pandemic but not fast enough for tourism officials who testified before a Senate subcommittee Tuesday. They said their industry was the hardest hit during the pandemic shutdown and... Read More

‘People can’t buy what can’t be delivered’: Addressing Global Supply Chain Vulnerabilities
Economy
‘People can’t buy what can’t be delivered’: Addressing Global Supply Chain Vulnerabilities
2021-04-14 13:52:27
by Kate Michael

WASHINGTON — We all remember last year’s short-term stampede for toilet paper. But while stores were able to eventually restock personal products and cleaning supplies, will we be able to do the same with a shortage of semiconductors and other... Read More

U.S. Trade Deficit Hits Record High in February
Trade
U.S. Trade Deficit Hits Record High in February
2021-04-07 18:40:09
by TWN Staff

WASHINGTON - The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of other nations carefully shake off the economic hardships associated with the coronavirus pandemic. The trade deficit... Read More

‘K-Shaped’ COVID-19 Recovery Deepens Economic Disparity
Opinion Polls
‘K-Shaped’ COVID-19 Recovery Deepens Economic Disparity
2021-03-16 21:41:21
by Reece Nations

While the onset of the novel coronavirus pandemic has had drastic ramifications for the United States’ economy, its toll has been unevenly harsh for the country’s poorest citizens.  Following a recession, a “K-shaped recovery” occurs when different segments of the... Read More

From Job Cuts to Online Commerce, Virus Reshaped US Economy
Economy
From Job Cuts to Online Commerce, Virus Reshaped US Economy

WASHINGTON (AP) — At first, it was expected to be brief. At least that was the hope.  Instead, a once-in-a-century pandemic has ground on for a year, throwing millions out of work and upending wide swathes of the American economy.... Read More

Biden to Meet With Mexican President Amid Migration Issues
Geopolitics
Biden to Meet With Mexican President Amid Migration Issues

WILMINGTON, Del. (AP) — President Joe Biden is planning a virtual meeting Monday with Mexican President Andrés Manuel López Obrador — a chance for the pair to talk more fully about migration, confronting the coronavirus and cooperating on economic and... Read More

US Jobless Claims Fall to 730,000 But Layoffs Remain High
Economy
US Jobless Claims Fall to 730,000 But Layoffs Remain High

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.  Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. It... Read More

Economic Challenges Difficult, Not Insurmountable
Economy
Economic Challenges Difficult, Not Insurmountable
2021-02-22 17:54:19
by Kate Michael

WASHINGTON — According to experts convened by the political advocacy group The Concord Coalition, the nation’s long standing fiscal, monetary, and economic challenges were made more difficult by the pandemic, but they are not insurmountable.  Leaders from the Congressional Budget... Read More

Biden Extends Ban on Housing Foreclosures
White House
Biden Extends Ban on Housing Foreclosures
2021-02-16 15:39:59
by TWN Staff

President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic. The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. On his first... Read More

Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
Finance
Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
2021-02-12 20:55:07
by Reece Nations

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.   In order for this to come to fruition, Sheila Warren, head of data, blockchain and digital assets and member of... Read More

Lockdowns Weigh on German Beer Sales, Hurt Small Brewers
International
Lockdowns Weigh on German Beer Sales, Hurt Small Brewers

COLOGNE, Germany (AP) — Bars have been closed for more than three months, Carnival celebrations are canceled, and it's not clear when things will get better in Germany. That has left the boss of Brauerei Heller, an organic brewery in... Read More

Virus Dims Carnival Joy and Commerce on a New Orleans Street
Cities
Virus Dims Carnival Joy and Commerce on a New Orleans Street

NEW ORLEANS (AP) — During last year's Carnival season, tourists at the Elysian Fields Inn gathered over breakfast to talk about parades from the night before. At NOLA Art Bar, they sipped cocktails and watched a parade go by. At... Read More

Businesses Face Hard Decisions on Whether, When to Hire
Economy
Businesses Face Hard Decisions on Whether, When to Hire

NEW YORK (AP) — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go... Read More

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