US unemployment claims reach a pandemic low as hiring strengthens

U.S. unemployment claims fell last week to 340,000, a pandemic low and another sign that the job market is steadily rebounding.

Social Security will be insolvent by 2034 due to COVID-19 pandemic

The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035.

Amazon partners with Affirm to give shoppers buy-now-pay-later option

Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards. 

Laid-off Tesla employee frustrated with EDD, hires bot to make calls

Desmond Sylva, 39, was so frustrated about reaching the Employment Development Department to find out why he wasn't getting his unemployment check after being laid off as a Tesla production associate in Fremont, he hired a bot.

Fed to end ultra-low interest rates if hiring keeps improving, Powell says

Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.

US unemployment claims rise by 4,000 to 353,000

U.S. unemployment claims rose for the first time in five weeks even though the economy and job market have been recovering from the pandemic.

Biden infrastructure agenda advances as House passes $3.5 trillion budget

House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.

Biden asks Supreme Court to keep CDC eviction ban in place

President Joe Biden asked the U.S. Supreme Court Monday to keep an eviction moratorium in place after Georgia and Alabama realtors sought to challenge a lower court’s ruling.

US unemployment claims hit pandemic low as hiring strengthens

The U.S. Labor Department reported Thursday that unemployment claims fell last week for a fourth straight time to a pandemic low of 348,000.

Biden extends 100% federal reimbursement of states’ COVID-19 costs

President Joe Biden has ordered FEMA to continue to cover 100% of states’ costs associated with the COVID-19 pandemic through the end of the year.

COTA to host second job fair this Saturday

The fair is scheduled from 9 a.m. to noon on Saturday, August 21 and is to help Austin employers staff their business, says COTA.

Biden administration increases food stamp benefits by 30% in historic move

The Biden administration announced a historic expansion to the nation's food stamp program, a decision that will give more than 40 million Americans about 30% more money to spend on groceries.

9 Dems threaten House's budget resolution if infrastructure bill isn't passed first

Moderate Democrats in the U.S. House are breaking with Speaker Pelosi, saying they would block a budget resolution unless a separate infrastructure bill is approved first.

US jobless claims fall for 3rd straight week as economy strengthens

U.S. unemployment claims dropped to 375,000, near a pandemic low and another sign of strength for a rebounding economy and job market.

‘Investment in American families’: Biden outlines $3.5T infrastructure spending plan

President Biden announced his immediate plans to help bolster American families feeling “the pinch” after Senate Democrats approved a budget resolution that will pave the way for a $3.5 trillion spending package.

U.S. Sens. John Cornyn, Ted Cruz vote against infrastructure bill that could give Texas more than $30 billion

The Senate approved a $1 trillion, bipartisan bill that also earmarks money for broadband internet access. It’s not yet known how much money set aside for the country’s aging electricity infrastructure could go to Texas’ main power grid.