Page 6 - Michael Stepner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Covid-19 pandemic has been bad for the United States economy, but not as bad as some experts and economists feared early on in the outbreak. The recovery, though, is uneven — and it’s slowing. In January, the unemployment rate dropped to 6.3 percent, and the country added just 49,000 jobs, according to the Bureau of Labor Statistics. The labor force participation rate is lower than it was pre-pandemic, as many Americans left the workforce. America is also still millions of jobs short of where it was pre-pandemic. “This morning’s employment report revealed a stall in the American...

Should fewer Americans get a third stimulus check? By Aimee Picchi Should fewer Americans get a stimulus check? As Congress debates issuing a third round of federal "stimulus checks" to millions of Americans, economists are trying to assess just how effective such payments are in helping nurse the economy through the coronavirus pandemic. The results have been mixed, new research finds. While helping keep some families afloat, households earning more than $78,000 have largely socked away the $600 check the U.S. started sending out in December, according to a study from ...

Cutting off stimulus checks to Americans earning over $75,000 could be wise, new data suggests Heather Long, The Washington Post Jan. 26, 2021 FacebookTwitterEmail WASHINGTON - As President Joe Biden pushes for another round of stimulus payments for most Americans, calls are escalating to target the aid solely to low and moderate-income families, and new data suggests that it would provide the most needed and effective boost for the economy. Families earning under about $75,000 typically spend the money quickly, according to a new analysis of how Americans are using the $600 payments this mo...