Latest Labor economy News

FILE - In this Dec. 10, 2020, file photo, a

US jobless claims decline to a still-high 900,000

Jan. 21, 2021 9:26 AM EST

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic. The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that...

US jobless claims dip to 900,000 as layoffs remain high with economy in grip of virus

Jan. 21, 2021 8:32 AM EST
WASHINGTON (AP) — US jobless claims dip to 900,000 as layoffs remain high with economy in grip of virus.
President Donald Trump and first lady Melania Trump board Air Force One at Andrews Air Force Base, Md., Wednesday, Jan. 20, 2021.(AP Photo/Manuel Balce Ceneta)

AP FACT CHECK: Trump's fiction in his goodbye to Washington

Jan. 20, 2021 3:50 PM EST

WASHINGTON (AP) — In his final remarks as president, Donald Trump tried to take credit for accomplishments of his predecessor and even those to come under President Joe Biden. Falsehoods suffused his farewell remarks Wednesday morning and the night before, though he was spot on with this: “We were...

The moon rises over the West Wing of the White House, on President Donald Trump's last day in office, Tuesday, Jan. 19, 2021, in Washington. The Marine guard at the entrance signifies the president is in the Oval Office. (AP Photo/Gerald Herbert)

AP FACT CHECK: Trump's farewell falsehoods

Jan. 19, 2021 8:22 PM EST

On his way out, President Donald Trump claimed credit for things he didn't do and twisted his record on jobs, taxes, the pandemic and much more. Falsehoods suffused his farewell remarks to the country. As well, in noting Americans were “horrified” by the storming of the Capitol this month, he...

A man holds up a child, both wearing face masks to help curb the spread of the coronavirus, to reach out a tree branches at the Wangfujing shopping district in Beijing, Monday, Jan. 18, 2021. A Chinese province grappling with a spike in coronavirus cases is reinstating tight restrictions on weddings, funerals and other family gatherings, threatening violators with criminal charges. (AP Photo/Andy Wong)

The Latest: China grapples with virus outbreaks in northeast

Jan. 18, 2021 11:37 PM EST

BEIJING — China is now dealing with coronavirus outbreaks across its frigid northeast, prompting additional lockdowns and travel bans. The country reported a total of 118 newly confirmed cases Tuesday — most of them in Jilin province, the Hebei region just outside Beijing and Heilongjiang province...

The Washington Monument and the National Mall are visible as members of the U.S. Air Force Honor Guard walk along the West Front of the U.S. Capitol at the site of the 59th Presidential Inauguration in Washington, Monday, Jan. 18, 2021. (AP Photo/Andrew Harnik)

Biden's test: Engineering economic boom in a partisan divide

Jan. 18, 2021 12:31 PM EST

BALTIMORE (AP) — When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing. Millions of Americans were in the early stages of losing their homes to foreclosure as the housing bubble burst. Biden returns to the White House as...

This Week: Netflix earns, jobless benefits, US home sales

Jan. 18, 2021 1:10 AM EST

A look at some of the key business events and economic indicators upcoming this week: BINGE THIS Wall Street expects that Netflix closed out 2020 with another solid quarter. The video streaming service has been riding a wave of popularity as people spend more time at home due to the pandemic. The company gained...

A food delivery worker wearing a face mask to help curb the spread of the coronavirus prepares to deliver foods for his customers outside a restaurant in Beijing on Thursday, Jan. 14, 2021. The e-commerce workers and delivery people who kept China fed during the pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. (AP Photo/Andy Wong)

Deaths, self-immolation draw scrutiny on China tech giants

Jan. 17, 2021 1:05 AM EST

HONG KONG (AP) — E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. China’s internet industries already were known for long, demanding days. With...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 16, 2021 12:43 AM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 15, 2021 4:40 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...