Jeffry Bartash
Jeffry Bartash
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Hiring is speeding up again and jobs are coming back as the U.S. economy gains steam

Hiring is speeding up again and jobs are coming back as the U.S. economy gains steam

Declining coronavirus cases, $1,400 stimulus checks and relaxed restrictions on business can only mean one thing: Jobs are coming back —and so is the U.S. economy. Read: The U.S. likely added 600,000-plus new jobs in March and recorded the biggest increase in hiring since early fall, according to economists polled by Dow Jones and The Wall Street Journal. Some even forecast a gain of close to one million jobs.The March employment report, due Friday, is the headline performer in a busy economic calendar this coming week. A slew of other indicators on consumer confidence, manufacturing and...

Mar 27
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The economy is heating up again and it’s good news for millions of unemployed

The economy is heating up again and it’s good news for millions of unemployed

The U.S. economy is accelerating again after a coronavirus speed bump at the end of last year, but what’s missing is a big increase in hiring and people going back to work. First the good news.and incomes rose even faster thanks to $600 stimulus checks from the government and more generous unemployment benefits. and are sitting near a 14-year high. And for the ninth month in a row. Yet so far the rebound in the economy hasn’t translated into faster hiring — no thanks to a record spike in coronavirus cases over the winter. The economy lost jobs in December and barely added any in January,...

Feb 27
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Rising inflation is no threat to the U.S. economy – or is it?

Rising inflation is no threat to the U.S. economy – or is it?

Are powerbrokers in Washington planting the seeds for an economy-wrecking bout of inflation later this year or next? Suddenly that’s what some are suggesting. Talk of rising prices seems odd in the middle of a pandemic. Millions of Americans are still out of work, many businesses are struggling and demand for goods and services has not returned to pre-crisis levels.Read: And: It’s hard to generate inflationary pressures in a slack economy. The damage the coronavirus pandemic has done drove the rate of inflation last year to almost zero, and even now, it’s rising at a mild 1.4% annual pace,...

Feb 6
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The U.S. may have lost jobs again in January, but the economy is ripe for rebound

The U.S. may have lost jobs again in January, but the economy is ripe for rebound

The U.S. jobs market could also use a shot in the arm, just like the millions of Americans getting potentially life-saving vaccines against the coronavirus. The economy lost jobs in December for the first time since the onset of the pandemic and employment could fall again in January when the Labor Department reports next Friday. The Wall Street consensus points to a meager 55,000 increase, but plenty of forecasters think a second straight decline is in the cards.See: If that’s the case, job losses are likely to be concentrated again in leisure and hospitality. That is, restaurants, bars,...

Jan 30
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Consumer spending slumps at the end of 2020 and bogs down economic recovery

Consumer spending slumps at the end of 2020 and bogs down economic recovery

The numbers: Americans cut spending in December for the second month in a row as a record increase in coronavirus cases opened fresh cracks in the economy and stunted the recovery. Consumer spending sank by 0.2%, . The drop in spending toward the end of the year robbed the economy of momentum. and left the economy with some gaping holes to fill.If there’s a silver lining, spending didn’t fall as much as expected. Economists polled by Dow Jones and the Wall Street Journal has forecast a 0.4% drop What’s more, the decline in November was not as steep as originally reported. Read: Meanwhile,...

Jan 29
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Jobless claims drop to still-high 900,000 in last full week of Trump presidency

Jobless claims drop to still-high 900,000 in last full week of Trump presidency

The numbers: The number of Americans who applied for jobless benefits fell in the last full week of Donald Trump’s presidency, but layoffs were still running at the highest level in months after a record coronavirus surge. Initial jobless claims filed traditionally through the states declined by 26,000 to a seasonally adjusted 900,000 in the seven days ended Jan. 16, the .Economists surveyed by Dow Jones/The Wall Street Journal had forecast initial jobless claims to total 925,000. Another 423,734 applications were filed through a temporary federal-relief program. Adding up new state and...

Jan 21
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Jobless claims surge to 5-month high of 965,000 as winter coronavirus surge hits business

Jobless claims surge to 5-month high of 965,000 as winter coronavirus surge hits business

The numbers: The number of Americans who applied for jobless benefits soared in early January to a five-month high of nearly 1 million as more workers lost their jobs due to business closures and restrictions to combat the winter resurgence of the coronavirus pandemic. Initial jobless claims filed traditionally through the states leaped by 181,000 to a seasonally adjusted 965,000 in the seven days ended Jan. 9, the . It was the highest level since August.Economists surveyed by Dow Jones and the Wall Street Journal had forecast initial jobless claims to total 800,000. Another 284,470...

Jan 14
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Jobless claims hit nearly 4-month high as coronavirus-triggers more layoffs

Jobless claims hit nearly 4-month high as coronavirus-triggers more layoffs

The numbers: New applications for U.S. unemployment benefits rose in mid-December to a nearly four-month high, pointing to rising layoffs and more damage to the economy from a record increase in coronavirus cases. Initial jobless claims climbed to 885,000 in the seven days ended Dec. 12 from a revised 862,000 in the prior week, the . It was the second increase in a row.Economists polled by MarketWatch had forecast new claims to fall to a seasonally adjusted 818,000. Another 455,037 applications for benefits were filed through a temporary federal-relief program that’s set to expire at the...

Dec 17
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Consumer sentiment jumps in December on Democratic euphoria after Biden win

Consumer sentiment jumps in December on Democratic euphoria after Biden win

The numbers: Americans are worried about the record rise in coronavirus cases, but Democratic party euphoria over Joe Biden’s presidential election drove consumer sentiment in early December close to a pandemic high. The first of two readings in the consumer sentiment index for December rose to 81.4 from 76.9 in the prior month,Economists polled by MarketWatch had forecast the index to slip to 75.5. The December reading almost matched the results in October, which were the highest since the Covid-19 epidemic erupted. The rise in sentiment, however, runs counter to a flurry of economic...

Dec 11
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U.S. gains 916,000 new jobs in March and signals strengthening economy

U.S. gains 916,000 new jobs in March and signals strengthening economy

The numbers: Restaurants and other businesses hired the most workers in March in seven months as the U.S. added 916,000 new jobs, signaling the economy is primed for a period of rapid expansion again. Employment accelerated after the weather warmed and a decline in coronavirus cases allowed states to relax business restrictions. Rising vaccination rates gave Americans more freedom to venture out to eat, attend a game, travel or engage in other activities they would have avoided at the height of the pandemic.Massive federal fiscal stimulus, including $1,400 checks for most households, also...

Apr 2
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