Chipotle raising prices to offset its $15 minimum wage hike
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
US economy shows growth despite lacking enough workers, supplies
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.
Could we see a fourth stimulus check? Where payments stand
So far, over 2 million people have signed an online Change.org petition calling for recurring $2,000 per month payments.
May jobs report: US adds modest 559,000 jobs amid hiring struggles
U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.
US unemployment claims drop to 385,000, another pandemic low
Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.
Biden’s $6T budget proposal: Social spending, taxes on business
President Joe Biden rolled out his $6 trillion budget proposal for next year, which features new social programs for the poor and middle class. But it depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiraling out of control.
‘America is coming back’: Biden makes case for economic investment during speech in Cleveland
Biden reiterated his determination to invest in the trillion American Jobs Plan and trillion American Families Plan.
US unemployment claims fall to 406,000, a new pandemic low
The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.
US achieves another pandemic low with 444,000 new unemployment claims
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.
Bank of America to raise minimum hourly wage to $25 by 2025
Bank of America employees making less than $25 an hour can expect a pay raise in the next four years.
Unemployment claims fall to 473,000, another pandemic low
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.
Amazon seeks to hire 75,000 workers; offers $100 to vaccinated hires
Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for COVID-19.
Biden says Americans must accept a job or lose unemployment benefits after disappointing jobs report
Biden said his administration is taking steps that will make it easier for employers to hire more workers.
Biden touts economic recovery plan as Treasury Dept. starts paying out $350B in state and local aid
President Biden on Monday announced steps to make it easier for employers to hire new workers and touted the country’s economic recovery plan following a disappointing April jobs report.
Chamber of Commerce calls for end to enhanced jobless aid
The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.
Biden says economic recovery a marathon, not a sprint amid weak jobs report
U.S. employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
In new pandemic low, unemployment numbers fall to 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.
DeSantis to unemployed: Start looking for a job
Floridians receiving unemployment benefits will soon have to provide proof that they’re looking for a job, according to statements made by Gov. Ron DeSantis.
Already received your 3rd stimulus check? A bonus payment could be on the way
Millions of Americans were sent a third round of stimulus checks in March.
Unemployment claims fall to 553,000
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.