Unemployment claims drop to 730,000; pandemic keeps layoffs high

The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.

US unemployment claims jump to 861,000 as layoffs stay high

The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed COVID-19 cases.

AOC pushes back after Biden dismisses progressives' plan to cancel $50,000 in student loan debt

Rep. Alexandria Ocasio-Cortez criticized President Biden after he shot down a proposal from progressive Democrats to eliminate $50,000 in student loan debt, saying the president's arguments against acting unilaterally on the matter "just don't hold water."

Biden extends mortgage relief, ban on home foreclosures through June 2021

Certain mortgage protections that were put in place amid the pandemic, and were set to expire next month, have been extended through June.

Officials: New UPS distribution center to bring 1,000 jobs

A new UPS distribution center is planned on the former Military Ocean Terminal site in Bayonne, which city officials say they expect to create 1,000 new jobs.

Did you get the right stimulus check amount? Why you need to know before filing your tax return

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.

Unemployment claims dip to 793,000; layoffs remain high

Fewer Americans sought unemployment benefits last week, lowering jobless claims to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.

Nabisco plant in New Jersey to close, leaving as many as 600 jobless

A Nabisco plant in New Jersey will close for good by summer’s end after 63 years of operation, leaving as many as 600 people without jobs, officials said.

Employers added 49K jobs last month as US unemployment fell to 6.3%

U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.

Jobless claims fall to 779,000; layoffs grind on

The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.

Democrats urge Biden to cancel up to $50k in student loan debt by executive action

The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.

'I am optimistic now': Post-pandemic hiring could rebound quickly

A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.

Some Redditors call #silversqueeze campaign a 'trap,' claim hedge funds behind surge

The rush into silver futures Monday created confusion amid Wall Street chaos, with some retail traders on Reddit calling the surge in commodity prices a “false flag.”

Biden warns of growing ‘cost of inaction’ on $1.9T COVID-19 relief plan

The White House says the Biden administration is searching for “creative” ways to garner public support for the COVID relief package that has gotten a cold shoulder from Senate Republicans.