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Unemployment
States are cutting back, and Congress is unlikely to step in even after the pandemic exposed the unemployment system's shortcomings.
Millions of people are out of work around the world due to covid-19. But when the pandemic ends, certain fields will see a rise in opportunity. HuffPost Canadas senior business editor, Daniel Tencer tells us about some of the areas that will see a boom in hiring in the future.
Applications for jobless aid climbed by 14,000 to 262,000 and now have risen five out of the last six weeks, the Labor Department reported.
There are more people working than at any point in American history, Biden said of the new report, adding it signals recovery from pandemic job losses.
WHAT'S HAPPENING
There are different ways of evaluating whether the economy is good or bad without making up new definitions of recession.
It's a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
In total, 1,350,000 Americans were collecting jobless aid the week that ended March 12, another five-decade low.
Jobless claims fell by 15,000 to 214,000 for the week ending March 12, down from the previous week's 229,000.
The American economy is very strong and well-positioned to handle tighter monetary policy," Fed chair Jerome Powell said Wednesday.
How much good news would it take for Joe Biden to shake his bad poll numbers? Probably more than this.
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