US Economy

The U.S. Chamber of Commerce blamed a $300-per-week federal jobless benefit for April’s far-weaker-than-expected jobs report.

The Biden administration is allocating $21.6 billion to provide emergency rental assistance to help prevent evictions of people who lost jobs during the pandemic

A confluence of factors helped explain the weak Labor Department count.

The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work

Treasury Secretary Janet Yellen is set to join White House press secretary Jen Psaki during a press briefing Friday afternoon.

U.S. firms hired far fewer workers than expected in April, as employers struggled to find people to fill job openings.

Sentiment among homebuyers fell to the lowest level in the 10-year history of a Fannie Mae survey, due to a housing shortage and soaring prices.

Inflation expectations are at multiyear highs and investors should pay attention, says Lakshman Achuthan of the Economic Cycle Research Institute.

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 estimate.

Fed Vice Chairman Richard Clarida said he thinks the central bank should keep policy in place even as the economy storms back.

President Biden’s American Families Plan costs far more than the White House estimates and increase government debt by 5% by 2050, Wharton says.

Private payrolls grew by 742,000 in April, according to ADP. It was well above March’s 565,000 new jobs, but less than the 800,000 Dow Jones estimate.

Vice President Kamala Harris is taking on a leading role as an ambassador to small businesses, particularly in underrepresented communities. 

It was a mixed bag for mortgage demand last week, as higher rates did nothing for refinances and homebuyers continued to face steep competition.

Treasury Secretary Janet Yellen said she’s encouraged so far by developments in talks with other countries on a global minimum corporate tax.

The imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Department reported Tuesday.

Yellen, in this latest chapter of inflation history though, may well be right to say that the Fed could need to raise rates.

Barkin provided a guidepost for when he might change his mind and vote to tighten policy at least through cutting the monthly rate of asset purchases.

A broad majority of U.S. employers, 65%, plan to offer employees incentives to get vaccinated and 63% will require proof of vaccination.