Biden says economic recovery a marathon, not a sprint amid weak jobs report
U.S. employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
IRS delivers another batch of $1,400 stimulus checks: Here's who received them
The IRS will issue an eighth batch of stimulus checks this week, delivering payments to another 1.1 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.
In new pandemic low, unemployment numbers fall to 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.
American Rescue Plan could make 2021 tax bill $0 for those making less than $75K
According to a recent report from Congress’ Joint Committee on Taxation, Americans who make between $75,000 and $100,000 a year will pay an average tax rate of just 1.8%, while Americans making less than $75,000 may owe nothing in federal taxes for 2021.
Unemployment claims fall to 553,000
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
US economy grew at a robust 6.4% rate last quarter
The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
Federal COVID-19 aid to Wisconsin: Evers to reveal how it will be spent
Gov. Tony Evers said that he will announce within weeks how he will spend all of the $3.2 billion in federal coronavirus relief funds coming to Wisconsin.
Unemployment claims fall to 547,000, a new pandemic low
The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.
Unemployment claims fall to 576,000, lowest since COVID-19 pandemic began
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
Tax gap is likely larger than estimated, IRS commissioner says
The commissioner said during testimony before the Senate committee that the gross tax gap for tax years 2011 to 2013 is estimated at $441 billion.
LinkedIn adding ‘stay-at-home parent’ to official job titles
LinkedIn is rolling out a variety of updates, which includes adding “stay-at-home mom/dad/parent” as official job titles to better explain career gaps.
Unemployment claims jump to 744,000 as layoffs persist amid pandemic
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs.
Biden open to ‘good-faith negotiations’ on proposed $2.3T infrastructure plan amid GOP criticism
President Joe Biden on Wednesday said he’s open to negotiations on his proposed $2.3 trillion U.S. infrastructure plan that would largely be funded by an increase in corporate taxes.
156 million coronavirus relief payments issued, Treasury says
The Treasury Department says it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan.
USPS workers may be faced with upcoming layoffs
The National Association of Postal Supervisors, which represents 27,000 active and retired USPS workers, was informed that reductions in force, or layoffs, may be forthcoming.
IRS tax refunds for $10,200 unemployment break to start in May: What you need to know
The IRS will start issuing tax refunds in May to Americans who already filed their returns but are eligible to take advantage of a new break on unemployment benefits.
Hiring ramps up as US adds 916K jobs in March
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.
Unemployment claims climb to 719,000; COVID-19 pandemic still forces layoffs
The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
Wealthy Americans shield 20% of their income from the IRS, new study suggests
The richest 1% of Americans dodge significantly more in income taxes than the IRS previously estimated, according to a new study released this week.
Unemployment claims fall to 684,000, fewest since start of pandemic
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 the economy is improving.