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R I continuing unemployment claims increase by nearly 700 last week
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U S adds solid 850,000 jobs as economy extends its gains
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U.S. job growth slows sharply in sign of hiring struggles
U.S. EMPLOYERS added just 266,000 jobs in April. / AP FILE PHOTO/ NAM Y. HUH
WASHINGTON (AP) – America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens.
With viral cases declining and states and localities easing restrictions, businesses have added jobs for four straight months, the Labor Department said Friday. Still, the unemployment rate ticked up to 6.1% from 6% in March.
At the same time, optimism about the economic recovery is growing. Many Americans are flush with cash after having received $1,400 federal relief checks, along with savings they have built up after cutting back on travel, entertainment and dining out over the past year. Millions of consumers have begun spending their extra cash on restaurant meals, airline tickets, road trips and new cars and homes.
Survey: Business economists more optimistic about U.S. growth
A RECENT SURVEY of business economists by the National Association for Business Economics found that two-thirds say COVID-19 vaccines and the Biden administration s policies have increased their optimism in the U.S. economy. / AP FILE PHOTO/ NAM Y. HUH
WASHINGTON (AP) – The accelerated rollout of COVID-19 vaccines, along with the Biden administration’s rescue aid policies, have brightened the outlook for the United States economy as it extends its recovery from the pandemic recession.
That is the view of a majority of business economists that emerges from a survey being released Monday by the National Association for Business Economics. The results, based on responses from 97 NABE members earlier this month, found that two-thirds say the vaccines and the administration’s policies have increased their optimism.
R.I. continuing unemployment claims edge upward
THE NUMBER of individuals collecting unemployment in Rhode Island last week totaled 69,759. / AP FILE PHOTO/ROBERT F. BUKATY
PROVIDENCE – The number of individuals collecting continuing unemployment benefits in Rhode Island increased by 729 week to week to 69,759, the R.I. Department of Labor and Training said Tuesday.
Of the total number of individuals collecting benefits last week, 35,296 were in the pandemic unemployment assistance program. The federally created and backed program covers those typically ineligible for unemployment benefits, including gig workers, contractors and small-business owners.
PUA filings totaled 2,620, a decline from 2,916 one week prior.
COVID-19-specific unemployment filings for the week totaled 6,322, a decline from 6,365 one week prior. To date, COVID-19 unemployment insurance filings in the state total 434,991.
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