Latest Employment figures News

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing about the government’s emergency aid to the economy in response to the coronavirus on Capitol Hill in Washington on Tuesday, Sept. 22, 2020. (Caroline Brehman/Pool via AP)

Powell and Mnuchin voice optimism but back more economic aid

Sep. 22, 2020 1:13 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Powell told the House...

South Korean K-pop group BTS members salute to their national flag during a ceremony marking the National Youth Day at the presidential Blue House in Seoul, South Korea, Saturday, Sept. 19, 2020. (Lee Jin-wook/Yonhap via AP)

The Latest: South Korea's daily virus total drops slightly

Sep. 19, 2020 10:30 PM EDT

South Korea __ South Korea’s new coronavirus tally has fallen below 100 for the first time in more than a month, as the country’s recent viral resurgence is gradually easing. The Korea Disease Control and Prevention Agency said Sunday that the newly counted 82 cases took the country’s total...

Indian passengers queue up to test for COVID-19 at a facility erected at a railway station to screen people coming from outside the city, in Ahmedabad, India, Friday, Sept. 18, 2020. India's coronavirus cases jumped by another 96,424 in the past 24 hours, showing little sign of leveling. India is expected to have the highest number of confirmed cases within weeks, surpassing the United States, where more than 6.67 million people have been infected. (AP Photo/Ajit Solanki)

The Latest: U of Colorado shifting students for virus cases

Sep. 18, 2020 7:04 PM EDT

DENVER — The University of Colorado has forced some students to move out of their dorms to create more isolation housing for students with coronavirus infections as case numbers continue to increase at the Boulder campus. The Denver Post reported that the university said in an email to affected students...

FILE - In this July 18, 2020 file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. California's unemployment rate has fallen to 11.4% in August. The Employment Development Department says the state added 101,900 jobs in August. Most of those were government jobs, including temporary positions for the U.S. Census. California lost more than 2.6 million jobs in March and April because of the coronavirus. (AP Photo/Marcio Jose Sanchez, File)

California jobless rate falls with help of temporary jobs

Sep. 18, 2020 4:28 PM EDT

SACRAMENTO, Calif. (AP) — A raft of temporary government jobs for the U.S. Census boosted California's economy in August as the state added 101,900 jobs as the unemployment rate fell below the high-water mark of the Great Recession for the first time since March. But experts warned that other indicators...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...

FILE - In this Sept. 2, 2020, file photo, a help wanted sign hangs on the door of a Target store in Uniontown, Pa. Hundreds of thousands of Americans likely applied for unemployment benefits last week, a high level of job insecurity that reflects economic damage from the coronavirus outbreak. Economists expect that 850,000 people sought jobless aid, down from 884,000 the week before, according to a survey by the data firm FactSet. (AP Photo/Gene J. Puskar, File)

COVID-19 danger continues to drive joblessness in US

Sep. 17, 2020 1:07 PM EDT

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of COVID-19 was detected in the U.S. The Labor Department said...

FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington.  The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come.  The Fed on Wednesday, Sept. 16,  also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March.  (Bill O'Leary/The Washington Post via AP, Pool)

Fed sees rates near zero through 2023, perhaps longer

Sep. 16, 2020 6:55 PM EDT

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a press...

Scott Rice sits in his living room watching a Fox News Channel interview with President Donald Trump in Appleton, Wis., Aug. 20, 2020. Nothing can shake Rice's faith that Trump will save the U.S. economy, not seeing businesses close or friends furloughed, not even his own hellish bout with the coronavirus. But in Appleton, a city of 75,000 people along the Fox River, the health of economy isn't judged on jobs numbers, personal bank accounts or union contracts. Instead, it's viewed through partisan lenses, filtered through the facts voters want to see and hear, and those they don't. (AP Photo/David Goldman)

Politics creates economic illusion in Houdini’s hometown

Sep. 16, 2020 11:44 AM EDT

APPLETON, Wis. (AP) — Nothing can shake Scott Rice’s faith that President Donald Trump will save the U.S. economy — not seeing businesses close or friends furloughed, not even his own hellish bout with the novel coronavirus. Rice reveres the president the way Wisconsin loves the Green Bay...

Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district.  The U.S. Commerce Department said Wednesday that retail sales rose 0.6% last month, the fourth straight month of growth.   (AP Photo/Steven Senne)

Retail sales rise for 4th straight month as growth slows

Sep. 16, 2020 10:08 AM EDT

NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. Retail sales rose 0.6% last month, the fourth consecutive month of growth, the U.S. Commerce Department said...

House Speaker Nancy Pelosi of Calif., center, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Pelosi: House to stay in session until COVID-19 rescue pact

Sep. 15, 2020 4:24 PM EDT

WASHINGTON (AP) — Speaker Nancy Pelosi said Tuesday the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move that came as Democrats from swing districts signaled discontent with a standoff that could force them to face voters without delivering more aid. “We...