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A new pandemic low: US jobless claims fall to 406,000


A new pandemic low: US jobless claims fall to 406,000
The number of weekly applications for jobless aid a rough measure of the pace of layoffs has fallen by more than half since January.
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By Associated Press
WASHINGTON: The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens.
Thursday s report from the Labour Department showed that applications declined 38,000 from 444,000 a week earlier.
The number of weekly applications for jobless aid a rough measure of the pace of layoffs has fallen by more than half since January. ....

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Lots of jobs await the class of 2021. So does plenty of competition

New grads will have to vie with their unlucky 2020 predecessors as the US economy pulls out of a pandemic-led slump ....

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Fed lifts economic outlook as stimulus and vaccinations fuel recovery


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Caroline Brehman/CQ-Roll Call/Getty Images
The Fed boosted its estimates for economic growth in its projections since December.
US GDP is forecasted to grow 6.5% this year, up from the prior estimate of 4.2%.
The Fed also sees the unemployment rate sinking to 4.5% by the end of 2021.
Federal Reserve
policymakers boosted their projections for the US economic recovery on Wednesday as new stimulus and vaccine rollouts pave the way for a summer reopening.
The Federal Open Market Committee s median estimate for 2021 gross domestic product growth rose to 6.5% this year, and 3.3% for 2022. That compares to the previous forecasts of 4.2% and 3.2%, respectively. The unemployment rate is now expected to dip to 4.5% this year, an improvement from the prior forecast of 5%. ....

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Voting Along Party Lines, Senate Democrats Pass Biden's $1.9 Trillion COVID-19 Relief Plan


Voting Along Party Lines, Senate Democrats Pass Biden s $1.9 Trillion COVID-19 Relief Plan
The Bill, which passed with the support of every Democrat but no Republicans, gives Biden his first major legislative victory since taking office in January.
A man makes his way past the US Capitol on the day the House of Representatives is expected to vote on legislation to provide $1.9 trillion in new coronavirus relief in Washington, US, February 26, 2021. Photo: Reuters/Kevin Lamarque
World07/Mar/2021
Washington: The US Senate on Saturday passed President Joe Biden’s $1.9 trillion COVID-19 relief plan in a party-line vote after an all-night session that was delayed repeatedly as the Republican minority tried but failed to push through around three dozen amendments. ....

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Vulgar CEO pay under fire amid demand to raise minimum wage to $15 an hour

US News: WASHINGTON: Their purported role in bumping up revenues, generating employment, and increasing shareholder value be damned. ....

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