Page 5 - Eric Morath News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It’s still not at all clear when Congress will pass the bipartisan infrastructure bill or the vastly larger Build Back Better budget reconciliation bill.

U.S.

Lower-Wage Workers See Gains From Easing of Pandemic A fading pandemic and heating U.S. economy appear to be paying off for lower-wage workers. New jobs at restaurants, hotels, stores, salons and similar in-person roles accounted for about half of all payroll gains in June, according to the Labor Department. And workers in those industries are seeing larger raises than other employees. “Americans are becoming more mobile and dining out more,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Retailers and restaurants are having to pay more to hire workers to ...

Americans Leave Unemployment Rolls Faster in States Cutting Benefits © Neeta Satam for The Wall Street Journal The number of unemployment-benefit recipients is falling at a faster rate in Missouri and 21 others states canceling enhanced and extended payments this month, suggesting that ending the aid could push more people to take jobs. Federal pandemic aid bills boosted unemployment payments by $300 a person each week and extended those payments for as long as 18 months, well longer than the typical 26 weeks or less. The benefits are set to expire in early September, but states can opt out...

By Amara Omeokwe U.S. employers added 559,000 jobs in May and the unemployment rate fell to 5.8%, in a pickup of the labor market's recovery from the pandemic amid signs that businesses... | June 4, 2021