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A Sign of Strength

A Sign of Strength

The numbers:  The U.S. created a robust 850,000 new jobs in June as the economy perked up and companies rushed to add more workers, but at the current pace of hiring it’s likely to take more than a year before employment returns to pre-Covid levels. The increase in...
Unemployment Claims Reach New Pandemic Lows

Unemployment Claims Reach New Pandemic Lows

From WSJ.com:  Worker filings for jobless benefits fell to 364,000 last week, reaching a new pandemic low as layoffs continue to recede. The Labor Department said Thursday initial jobless claims in the week ended June 26 fell by a seasonally adjusted 51,000 from the...
Job Growth Slows

Job Growth Slows

From MarketWatch.com: The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest...