US unemployment claims drop to 385,000, another pandemic low
Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.
Sales of new US homes fell 5.9% in April in wake of soaring house prices in March
Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.
Child tax credit calculator: How much money can you expect to receive?
The IRS will start distributing the expanded child tax credit authorized under President Biden's coronavirus relief plan on July 15.
IRS can seize unemployment tax refunds for unpaid debts
The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment benefits collected last year – but some individuals could have their checks seized to offset unpaid debts.
Wisconsin unemployment near pre-pandemic rate
The state's unemployment rate was 3.9% in April, compared to 14.1% in April 2020 and 3.1% in March 2020 as the pandemic prompted shutdowns.
US achieves another pandemic low with 444,000 new unemployment claims
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
The May 17 tax deadline is coming up: Here's everything you need to know
Americans have just a few more days to file their 2020 tax returns — or risk facing a financial penalty.
Wisconsin unemployment: Republicans urge pandemic bonus end
A group of Wisconsin Republican congressmen, led by Sen. Ron Johnson, is urging Gov. Tony Evers to end the weekly federal unemployment bonus.
Unemployment claims fall to 473,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
New increased child tax credit money coming in July
The 2021 child tax credit is increased courtesy of the American Rescue Plan.
Biden touts economic recovery plan as Treasury Dept. starts paying out $350B in state and local aid
President Biden on Monday announced steps to make it easier for employers to hire new workers and touted the country’s economic recovery plan following a disappointing April jobs report.
Chamber of Commerce calls for end to enhanced jobless aid
The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.
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.