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Each of them, to a fault, have backgrounds that reflect their interest in creating an economy that works for more people, especially the vulnerable working class: Black people, Latinos and women.
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Economists expect the additional federal spending, coupled with an improving public health picture, will jumpstart economic growth this year.
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If confirmed by the Senate, Walsh would be the first union member to serve in this role in nearly half a century, Biden's transition team says.
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U.S. employers added just 245,000 jobs last month as the runaway pandemic continued to weigh on hiring. The unemployment rate fell to 6.7% from 6.9% in October.
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Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.
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U.S. employers added 1.8 million jobs in July, down from 4.8 million the month before. The unemployment rate inched down to 10.2%.
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As Congress debates whether to renew supplemental unemployment benefits for people thrown out of work by the pandemic, new research shows those benefits offer a critical boost for the U.S. economy.
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New claims for unemployment benefits rise to 1.4 million, a sign that the labor market is deteriorating as businesses close their doors again after the pandemic intensifies.
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Applications for jobless benefits are up again. "What we're seeing now is that lots more people who are unemployed are going to be unemployed for a longer period of time," economist Nick Bunker says.
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The unemployment rate fell to 11.1%. But there are indications that the job growth has slowed recently amid a surge of new coronavirus infections.