Latest Stephen Stanley News

US jobless claims rise to 419,000 from a pandemic low

Jul. 22, 2021 15:15 PM EDT

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy. The Labor Department said Thursday that jobless claims...

U.S. factory output dips 0.1% in June on auto chip shortage

Jul. 15, 2021 17:32 PM EDT

WASHINGTON (AP) — U.S. factory output slid last month as a shortage of computer chips disrupted auto production. Manufacturing production dipped 0.1% in June — third drop in five months, the Federal Reserve reported Thursday. Overall, industrial...

EXPLAINER: 5 key takeaways from the June jobs report

Jul. 02, 2021 14:27 PM EDT

WASHINGTON (AP) — The U.S. job market is storming into summer. Job creation and wages rose sharply in June. And more and more Americans are confident enough to quit their jobs and look for a better one. In the strongest gain since August, employers added 850,000 jobs...