IRS says another 1.5M will receive unemployment compensation refunds
Refunds by direct deposit will begin July 28 and refunds by paper check will begin July 30.
Stocks plunge over delta variant fears; Biden seeks to reassure over economy
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
COVID-19 pandemic recession ended in April 2020, shortest on record
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
1st child tax credits start arriving - why some parents should opt out of the payments
Tens of millions of families received some extra money on Thursday when the IRS distributed the first of six monthly payments from the newly expanded child tax credit.
Report: Full-time minimum wage workers can only afford rent in 7% of US counties
A recent report from the National Low Income Housing Coalition found that full-time minimum-wage workers can’t afford rent in most areas of the U.S.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
California to pay back 100% of rent for low income renters impacted by the pandemic
It’s the largest renter assistance program in the nation, $5.2 billion will go towards helping California renters who were affected by the pandemic.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
US unemployment claims tick up to 373,000 from a pandemic low
U.S. unemployment claims rose slightly last week by 2,000 to a total of 373,000, even as the economy and the job market appear to be rebounding.
Target employees are quitting less than national average
Americans are quitting their jobs at a record pace — except for the ones who work at Target.
Average 2021 tax refund up from past 3 years
The total average tax refund from the 2021 returns processed so far is slightly higher than in previous tax seasons.
Gas prices at 7-year high $3 per gallon levels here to stay
Gas prices have jumped to a 7-year high, now sitting at $3.13 per gallon as drivers hit the road for the July 4th holiday.
June jobs report: US adds 850,000 jobs as economy extends its gains
U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.
US unemployment claims fall to 364,000, a new pandemic low
U.S. unemployment claims dropped by 51,000 last week to 364,000, the lowest level since the pandemic began in 2020.
Home prices surge by most on record
Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.
Fireworks shortage could dim Fourth of July celebrations nationwide
Ohio-based Phantom Fireworks is urging consumers to buy their fireworks sooner rather than later.
American Family Field workers ready for full capacity crowd
Ahead of a return to full capacity, the president of the Milwaukee Brewers has written a letter to the governor and the mayor.
The best, worst US states to live in this year: report
WalletHub published a report this week on the best states to live in 2021.
Plastic shortage, price rise impacts homebuilders
The price of lumber has been high, but it should be cooling soon. Even so, the price of plastic is now said to be going up.
2020 teen summer employment was lowest since Great Recession
The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.