Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
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U.S. The recent layoffs and furlough provocations are also creating a new obstacle to a fragile economic recovery, the pace of which seems to be waving the flag. A large number of airline carriers and hotel chains such as American Airlines AAL. + 2.33% And MGM Resorts MGM, + 4.60% …
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The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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(Photo by Win McNamee / Getty Images) Getty Images Can Joe Biden Really Cancel Student Loan Debt? Here’s what you need to know. Student loans Forgiveness of student loans has been a hot topic on the campaign track and in the halls of Congress. Fan sen. Bernie Sanders (I-VT) wants …
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