Page 13 - Constance Hunter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Amara Omeokwe Initial jobless claims last week likely held at their lowest levels since the start of the Covid-19 pandemic, adding to signs of momentum in the U.S. economic recovery. Economists expect applications for unemployment benefits, a proxy for layoffs, edged lower to 675,000 last week from 684,000 in the prior week. Claims remain well above pre-pandemic levels -- the weekly average in 2019 was 218,000 -- but have trended downward since the start of the year. The trend "underlines the recovery is beginning to accelerate, pa...

CARDIFF GARCIA, HOST: Hey, everyone. Cardiff here. This is THE INDICATOR FROM PLANET MONEY. Today's show is about something I've been wondering about for a long time, and it starts with the ways that the U.S. economy has adapted to the COVID pandemic since it started. For example, businesses and workers have had to radically change how they do things in many cases; embracing new technologies and trying to remain safe while still getting things done. Consumers have changed the way they shop. And the U.S. government, of course, is spending a historically massive amount of money to fight the r...

US political leaders have learned a few things in the past 12 years, since the nation was last trying to claw its way out of an economic hole.

The nearly $1.9 trillion relief package heading for House passage Wednesday is projected to help propel the U.S. economy to its fastest annual growth in nearly four decades, reduce poverty and revive inflation. The legislation — following trillions of dollars in federal aid last year and arriving amid rising Covid-19 vaccination rates — prompted economists ...

Leaders of both parties have become willing to act directly to extract the nation from economic crisis, taking that role back from the central bank.