Work sessions are scheduled for Thursday and Friday. Representative Richard Neal of Massachusetts, Chairman of the House Ways and Means Committee, said they will attempt to advance the…
Read MoreEconomy
Federal Unemployment Benefits Expire
Some states use federal Rescue Plan funds to keep benefits going. Without any objections from President Biden and his top economic advisers, the end of federal unemployment benefits…
Read More
Labor Department Releases Jobs Report
Hiring for the past month does not meet expectations. The Department of Labor released its monthly jobs report on Friday, detailing the state of the U.S. job market.…
Read More
Social Security Reserves Estimated Depleted by 2033
Coronavirus pandemic accelerated depletion by one year. The Social Security trust fund for retirement and survivors benefits is estimated to have its reserves depleted in 2033, which is…
Read More
White House Increases Inflation Projections
Supply-chain disruptions put pressure on prices. The White House Office of Management and Budget more than doubled its forecast for annual inflation in new projections. They said it…
Read More
New Unemployment Numbers Announced
Labor Department reports fourth-straight week of fewest new claims of the pandemic. On Thursday, the Department of Labor released the latest data on the state of the U.S.…
Read More
Unemployment Benefits Ending for Millions
The weekly federal supplement ends September 7. More than 7 million Americans may lose unemployment assistance right after Labor Day. Those who qualified for pandemic relief programs will…
Read More
U.S. Adds 943,000 Jobs in July
Unemployment drops to 5.4%. The Labor Department released its jobs report for the month of July this past week. The findings showed that the country had a strong…
Read More
Labor Department Releases Employment Numbers
New jobless claims down by 14,000. On Thursday, the Department of Labor released its analysis of the jobs market in America. Labor officials found new unemployment claims had…
Read More
Weekly Unemployment Claims Reach Two-Month High
The labor market has not yet recovered from pandemic shutdowns. The weekly report from the Labor Department on Thursday showed the number of Americans filing new claims for…
Read More