Latest Labor economy News

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. Trump is in Ohio to promote the economic prosperity that much of the nation enjoyed before the coronavirus pandemic and try to make the case that he is best suited to rebuild a crippled economy. (AP Photo/Susan Walsh)

Playing electoral defense, Trump claims Biden opposes God

Aug. 6, 2020 5:17 PM EDT

CLEVELAND (AP) — President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery, but he quickly pivoted to a deeply personal attack on Joe Biden, even questioning without foundation the former vice president's faith in God. Even for a president known for his blunt...

FILE - A woman wearing a mask walks her dog past the New York Stock Exchange, Tuesday, June 30, 2020.  Stocks are drifting in early trading on Wall Street Thursday, Aug. 6,  after a report suggested that the number of layoffs across the country is slowing, though it remains incredibly high. (AP Photo/Mark Lennihan)

Wall Street perks up as S&P 500 pulls within 1.1% of record

Aug. 6, 2020 4:33 PM EDT

NEW YORK (AP) — Stocks perked higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. The S&P 500 rose 21.39, or 0.6%, to 3,349.16, as investors also waited for Congress and the White House to reach a hoped-for deal on...

House Speaker Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington, Thursday, Aug. 6, 2020. (AP Photo/Jose Luis Magana)

Trump, McConnell huddle; virus aid talks at risk of collapse

Aug. 6, 2020 4:27 PM EDT

WASHINGTON (AP) — President Donald Trump huddled at the White House Thursday with the Senate's top Republican over a vital COVID-19 rescue package, but hopes on Capitol Hill for a deal were souring and there was increasing worry that GOP negotiations with Democrats might collapse. The impasse in the...

FILE - In this July 15, 2020, file photo, job seekers exercise social distancing as they wait to be called into the Heartland Workforce Solutions office in Omaha, Neb. The extra $600 in weekly unemployment benefits has expired, the federal eviction moratorium has ended and federal money to help businesses retain workers has grown lean. Meanwhile, the pandemic rages on and there is no consensus from Washington on another relief package. (AP Photo/Nati Harnik, File)

'Worst nightmare': Laid-off workers endure loss of $600 aid

Aug. 6, 2020 4:25 PM EDT

An unemployed makeup artist with two toddlers and a disabled husband needs help with food and rent. A hotel manager says his unemployment has deepened his anxiety and kept him awake at night. A dental hygienist, pregnant with her second child, is struggling to afford diapers and formula. Around the country,...

FILE - In this Feb. 5, 2019, file photo, Alaska Airlines planes are parked at a gate area at Seattle-Tacoma International Airport in Seattle. Alaska Airlines said over 300 employees among the company's workforce in Anchorage may lose their jobs on Oct. 1, 2020. The company said the Anchorage layoffs are part of company-wide job cuts because of the economic fallout from the coronavirus pandemic, Alaska Public Media reported Tuesday, Aug. 4. (AP Photo/Ted S. Warren, File)

1.2 million seek jobless aid after $600 federal check ends

Aug. 6, 2020 9:18 AM EDT

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The government's report Thursday did offer a smidgen of hopeful...

FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England left its benchmark interest rate at a record low of 0.1% on Thursday Aug. 6, 2020, as it expressed caution about how rapidly the United Kingdom's economy will recover from the COVID-19 pandemic. (AP Photo/Matt Dunham, File)

Bank of England says economy will take time to heal

Aug. 6, 2020 6:43 AM EDT

LONDON (AP) — The Bank of England predicted Thursday that the economic downturn in the U.K. economy might be less severe than it thought at the start of the COVID-19 pandemic - even as it warned it would take a longer time to heal the scars. The central bank opened the door to providing more monetary...

This satellite image taken on Wednesday Aug. 5, 2020 shows the port of Beirut and the surrounding area in Lebanon following a massive explosion on Tuesday. Residents of Beirut confronted a scene of utter devastation a day after a massive explosion at the port rippled across the Lebanese capital, killing at least 100 people, wounding thousands and leaving entire city blocks blanketed with glass and rubble. (Planet Labs Inc. via AP)

The Latest: Australia pledges $1.4M for Beirut relief effort

Aug. 5, 2020 11:13 PM EDT

BEIRUT (AP) — The Latest on the explosion in Beirut (all times local): 6 a.m. Thursday The Australian government has pledged an initial 2 million Australian dollars ($1.4 million) to the relief effort in Lebanon following the deadly blast that ripped across the capital Beirut. Prime Minister Scott...

People wearing face masks to help protect against the spread of the coronavirus hold portable fans to cool themselves in the heat in Tokyo, Wednesday, Aug, 5, 2020. (AP Photo/Koji Sasahara)

The Latest: Japan region declares coronavirus emergency

Aug. 5, 2020 11:10 PM EDT

TOKYO — The governor of Japan’s Aichi Prefecture has announced a regional “state of emergency” seeking to curb the coronavirus. Gov. Hideaki Ohmura on Thursday asked businesses to close altogether or close early and urged people to stay home at night. The measures continue through Aug....

Treasury Secretary Steven Mnuchin arrives for continued negotiations ahead of a meeting, Wednesday, Aug. 5, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Capitol negotiators still stuck, still trying on virus aid

Aug. 5, 2020 9:11 PM EDT

WASHINGTON (AP) — After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill. Negotiators are still stuck, but still trying. A combative meeting Wednesday involving top Capitol Hill Democrats and the postmaster...

FILE - In this March 3, 2020, file photo, Federal Reserve Chair Jerome Powell pauses during a news conference, to discuss an announcement from the Federal Open Market Committee, in Washington. A group of congressional Democrats introduced legislation Wednesday, Aug. 5, that would require the Federal Reserve to pursue the elimination of racial disparities in jobs, wealth and income as one of its policy goals. (AP Photo/Jacquelyn Martin, File)

Fed should address racial gaps in jobs, income, Dems propose

Aug. 5, 2020 7:20 PM EDT

A group of congressional Democrats introduced legislation Wednesday that would require the Federal Reserve to pursue the elimination of racial disparities in jobs, wealth and income as one of its policy goals. The legislation would also require the Fed's chair, currently Jerome Powell, to report every six...