Page 5 - Eric Morath News Today

U.S. Unemployment Claims Fell Sharply Last Week -- 3rd Update 02/25/2021 | 02:28pm EDT Send by mail : Message : By Eric Morath The jobs market appears to be returning to growth, with new applications for unemployment benefits falling to the lowest level since November amid other signs hiring is picking up. Initial weekly unemployment claims decreased by 111,000 to a seasonally adjusted 730,000 last week, the Labor Department said Thursday. It was also the biggest drop in new applica...

Yves here. Hubert continues his deep dive into why and how airlines are fighting the operational changes needed to get them on a sounder footing. And par for the course, airplanes are now falling apart in the sky! Well just some United and JAL Boeing 777s, but still….they symbolism is arresting. By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan currently has no financial links with any airlines or other ind...

U.S. Nonfarm Payrolls Up 49K in January -- 4th Update 02/05/2021 | 03:41pm EDT Send by mail : Message : By Sarah Chaney Cambon U.S. employers resumed hiring in January, putting the labor market back into growth mode, but the weak pace of job gains suggested a long road remains for the recovery. The U.S. economy added 49,000 jobs last month. The small January gain came after payrolls fell steeply in December, the first decline since the coronavirus pandemic triggered business shutdow...

Provided by Dow Jones By Eric Morath Hiring of temporary workers accelerated last month, and without those gains U.S. employers would have shed payrolls for the second straight month in January. Employment in temporary-help services rose by 80,900 in January from the prior month, a larger gain than the overall net increase in payrolls of 49,000, the Labor Department said Friday. That sends a mixed signal about the labor market. "Using temporary labor is an i...

Provided by Dow Jones By Sarah Chaney Cambon U.S. employers resumed hiring in January, putting the labor market back into growth mode, but the weak pace of job gains suggested a long road remains for the recovery. The U.S. economy added 49,000 jobs last month. The small January gain came after payrolls fell steeply in December, the first decline since the coronavirus pandemic triggered business shutdowns last spring. The unemployment rate fell to 6.3% in January f...

By Harriet Torry and Eric Morath The U.S. economy is expected to have recovered most but not all of its losses last year from the pandemics initial shock, with growth that resumed in the second half of 2020 projected to pick up steam this year. U.S. gross domestic product figures set to be released on Thursday are expected to show it grew at a 4.3% annual rate in the fourth quarter, according to economists surveyed by The Wall Street Journal. Such an increase would add to the record...

U.S. Economy Shrank in 2020 Despite Fourth-Quarter Growth © David Zalubowski/Associated Press The U.S. economy grew rapidly in the fourth quarter of 2020 and is forecast to continue recovering this year from the effects of the coronavirus pandemic. Despite a strong rebound in the second half of last year, the economy contracted 3.5% in 2020, measured year over year, the first decline since the financial crisis and the largest since 1946. Measured from the fourth quarter to the same quarter a ...

Provided by Dow Jones By Harriet Torry The U.S. economy grew steadily in the fourth quarter of 2020 and is forecast to continue recovering this year from the effects of the pandemic. Yet despite a strong rebound in the second half of last year, the economy contracted 3.5% in 2020, measured year over year, the first decline since the 2008 financial crisis and the largest since 1946. Measured from the fourth quarter to the same quarter a year earlier the economy shr...

POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 01/11/2021 08:00 AM EST Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delive...

The Finance 202: Biden fills out economic team as Trumps coalition continues to implode Tory Newmyer President-elect Joe Biden’s government is coming together as President Trump’s falls apart. The incoming president will nominate Rhode Island Gov. Gina Raimondo for commerce secretary and Boston Mayor Marty Walsh (D) for labor secretary. He is also set to tap Isabel Guzman, director of California’s Office of the Small Business Advocate, to lead the Small Business Administ...