Weekly unemployment claims rose less than expected last week, but remained above pre-epidemic levels, as U.S. The economy sought to offset the effects of the Covid-1, and those waiting to see if President Joe Biden’s $ 1.9 trillion stimulus law would become law. For the first time in the week …
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Weekly employment claims are sharply higher than last week, but the economy has struggled to recover from the effects of the nearly year-long epidemic. The Labor Department reported filings for unemployment insurance for the first time in the week ended Feb. 27, with a seasonally adjusted 745,000, below the Dow …
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Claims for weekly employment gained momentum last week after filings were caught with a reduction as part of the weekly nxgiving holiday. The total number of first-time claims for unemployment insurance was 853,000 a week, up from a total of 116,000 a week earlier, the Labor Department said on Thursday. …
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During a meeting earlier this month, Federal Reserve officials took part in an extensive discussion of their asset purchase program, with some members saying they expected to implement several changes. The Fed released a few minutes from its November 4-5 policy meeting on Wednesday. Officials at that meeting voted to …
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Treasury Secretary Steven Munuchi on Friday rejected his department’s decision to pull the plug on several Federal Reserve programs, saying there was still plenty of money left to fund where needed. “It was a very simple matter. We are pursuing the purpose of Congress,” Amnuchin told CNBC’s Jim Kramer during …
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