Weekly Jobless Claims Jump To 885,000
It's the highest weekly total since September.
The number of Americans filing jobless claims rose again last week to 885,000 — the highest weekly total in three months.
Nine months into the COVID-19 pandemic, there's still no sign of relief in the labor market. But another package from Congress could make a big difference.
"We committed to continuing these urgent discussions until we have an agreement, and we agreed we will not leave town until we've made law," said Senate Majority Leader Mitch McConnell.
The latest bill on the table would extend unemployment benefits and provide aid to small businesses — two elements that could relieve the pressure on jobs. And on Wednesday, Federal Reserve Chairman Jerome Powell warned the next few months could be rough for the economy. But he also said the vaccine developments are promising.
"The second half of next year, the economy should be performing strongly. We should be getting people back to work. Businesses should be reopening and that kind of thing," Powell said.
Foot Locker closing more than 400 stores in malls
Though it's shuttering stores in malls, the company has plans for hundreds of new concept stores.
Wacky winter playing out differently across the US
The lack of snow on the East Coast has hurt business, especially for those who rely on money by offering snow removal services.
Forget eggs; inflation is now hitting the breakfast cereal aisle
As egg prices finally start to fall, the price of breakfast cereal is soaring. What can you do if your family eats a lot of cereal?
New Orleans man creates gym for amputees, quadriplegics
Mark Raymond Jr., who broke his neck in diving accident, runs a health club for people living with disabilities in New Orleans.
The WNBA is pushing to change its travel arrangements
WNBA players have to fly commercial, while other sports leagues and its male counterpart are able to charter flights.
Americans are being denied benefits because of a job list from 1938
There's a range of criteria for Americans to get social security and disability benefits, but some are denied because of an outdated index of jobs.