Labor economy

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)
Associated Press
September 17, 2020 - 7:09 am
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...
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Bridgestone employees fire flares outside the tire factory of Bethune, northern France, Thursday, Sept.17, 2020. Workers protest over the Japan-based company's decision to close the plant and lay off all its nearly 900 workers. Bridgestone argues the factory is no longer competitive globally, but unions and French politicians accused the company of using the virus-driven economic crisis as a pretext for the closure and not investing in modernizing the plant instead. (AP Photo/Michel Spingler)
September 17, 2020 - 3:41 am
PARIS (AP) — Workers protested Thursday at a Bridgestone tire factory in northern France over the company’s decision to close the plant and lay off its nearly 900 workers, accusing management of using the virus-driven economic crisis as a pretext to ruin livelihoods. Japan-based Bridgestone argues...
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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)
September 16, 2020 - 3:55 pm
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...
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Shoppers walk at the Village Pointe shopping mall in Omaha, Neb., Tuesday, June 16, 2020. American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that have been reeling since the coronavirus shut down businesses, flattened the economy and paralyzed consumers during the previous two months. (AP Photo/Nati Harnik)
September 16, 2020 - 5:43 am
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...
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House Speaker Nancy Pelosi of Calif., center, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
Associated Press
September 15, 2020 - 1:23 pm
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...
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In this still image provided by Apple from the keynote video of a special event at Apple Park in Cupertino, Calif., Apple's Chief Operating Officer Jeff Williams unveils Apple Watch Series 6 on Tuesday, Sept. 15, 2020. Apple is introducing the cheaper version of its smart watch in its latest attempt to broaden the appeal of its trend-setting products while more consumers are forced to scrimp during ongoing fallout from the pandemic. (Apple via AP)
September 15, 2020 - 12:19 pm
SAN RAMON, Calif. (AP) — Apple introduced a cheaper version of its smartwatch, its latest attempt to broaden the appeal of its trend-setting products while many consumers are forced to scrimp during the coronavirus pandemic. The scaled-down Apple Watch follows on the heels of a budget iPhone the...
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Democratic presidential candidate and former Vice President Joe Biden speaks about climate change and wildfires affecting western states, Monday, Sept. 14, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)
September 14, 2020 - 5:33 pm
WASHINGTON (AP) — The Latest on the U.S. presidential campaign (all times local): 8:20 p.m. Democratic presidential nominee Joe Biden is promising to “restore dignity for everyone, especially the poor” if he defeats President Donald Trump in November. Biden made his pledge Monday to an online...
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September 10, 2020 - 12:36 pm
The temporary $300-a-week unemployment insurance boost implemented by President Donald Trump is about to end, with no extension in sight. The Federal Emergency Management Agency said Thursday in an email to The Associated Press that it has distributed $30 billion of the $44 billion it had set aside...
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FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)
September 10, 2020 - 8:36 am
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan...
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Senate Majority Leader Mitch McConnell of Ky., center, approaches the microphones accompanied by, from left, Sen. Roy Blunt, R-Mo., Sen. John Thune, R-S.D., Sen. John Barrasso, R-Wyo., and Sen. Todd Young, R-Ind., at the start of a news conference, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
September 10, 2020 - 8:01 am
WASHINGTON (AP) — A scaled-back GOP coronavirus rescue package appears certain to fail in a Senate test vote Thursday as the bipartisan spirit that powered earlier relief bills has given way to election-season political combat and name-calling. The vote is likely to end hopes for coronavirus relief...
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