Economy
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Jobless claims show modest decline as Congress works on more stimulus
Americans continued to hit the unemployment line in large numbers as the ongoing surge of Covid cases added to America’s…
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Jobless claims surge to highest weekly total since August
First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic…
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The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge,…
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Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a…
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Americans spent a record online over 2020 holidays, and more e-commerce gains are expected
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on…
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Economy sees job loss in December for the first time since April as surging virus takes toll
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly…
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Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says
Private payrolls in December contracted for the first time since the early days of the coronavirus pandemic, according to a…
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Cash in circulation is soaring, and that usually means good things for the economy
Vehicles drive by the US Treasury Building in Washington, DC on November 15, 2011. Karen Bleier | AFP | Getty…
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Mortgage demand from homebuyers pulled back sharply, even as rates ended 2020 near record low
An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright…
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Weekly jobless claims fall for a second straight week
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight…
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