The share of Americans in poverty rose slightly to 11.4% in 2020, but COVID-19 relief payments eased losses for many, census data showed.
The expiration of jobless benefits could fuel a sharp spending pullback.
Labor Day represents a perilous crossroads for millions of Americans: Two primary anchors of the government's COVID-19 protection package are ending or have recently ended.
Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.
In a letter to Murphy sent Monday the lawmakers call on him to expedite bulk payments to landlords and utility companies as well as to take advantage of new flexibility in federal guidelines.
Job or income loss was the top reason Americans cried about money, a LendingTree survey said.
According to a survey, the last rounds of stimulus checks helped improve Americans’ ability to buy food, pay bills, and reduced anxiety and depression.
A bill proposed by Rep. Ilhan Omar, D-Minn., would send monthly payments of up to $1,200 to adults and $600 to kids following years-long pilot programs.
Millions of Americans are at risk of losing their homes now that the federal eviction moratorium has expired.
Study authors found that while the two-dose vaccines were 94-95% effective in preventing COVID-19 from the delta and lambda variants, the Johnson & Johnson vaccine had only 66.9% efficacy “in preventing moderate to severe disease.”
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
It’s almost the mirror opposite of the recovery from the Great Recession of 2007-2009, which was marred by slow growth but also the near-instant delivery of almost every imaginable product.
Delaware’s unemployment rate has fallen sharply from a year ago.
Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Biden said his administration is taking steps that will make it easier for employers to hire more workers.
Local business owners are struggling to employ workers as what could be a busy summer season approaches.