Latest News Updates From Christopher Rugaber

GovernmentBusiness

US Employers Add 916,000 Jobs in March as Hiring Accelerates

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

April 2, 2021
GovernmentBusiness

Jobless Claims Fall to 684,000, Fewest Since Pandemic

WASHINGTON — The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving.

March 25, 2021
GovernmentBusiness

US Adds a Strong 379,000 Jobs in Hopeful Sign for Economy

WASHINGTON — U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.

March 5, 2021
GovernmentBusiness

Fed’s Powell: Economic Recovery Is Uneven, Incomplete

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

February 23, 2021
GovernmentBusiness

Employers Add Just 49,000 Jobs as Unemployment Falls to 6.3%

WASHINGTON — U.S. employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.

February 5, 2021
GovernmentBusiness

US Unemployment Claims Fall to 779,000; Job Cuts Grind On

The number of Americans seeking unemployment benefits declined to 779,000 in the week ended Jan. 30, a still historically high total that shows that a sizable number of people keep losing jobs to the pandemic.

February 4, 2021
GovernmentBusiness

Fed to Weigh Further Options for Aiding US Economy

WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines

December 14, 2020
GovernmentBusiness

Number Seeking US Jobless Aid Drops to Lowest Since March

The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.

November 12, 2020
GovernmentBusiness

Layoffs Remain Elevated as 898,000 Seek Jobless Aid

WASHINGTON — The number of Americans seeking unemployment benefits rose the week of Oct. 5 to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago.

October 15, 2020
GovernmentBusiness

US Layoffs Remain Elevated as 840,000 Seek Jobless Aid

The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

October 8, 2020