Unemployment
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World
India’s economic recovery on track as COVID crisis slowly ebbs
The finance ministry said GDP data reflects a V-shaped recovery but also warned that India is not yet past the…
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US senators mull tax hike for firms without $15 minimum wage
Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour,…
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‘We want people to stay with us’: Costco raises minimum wage
The majority of Americans support the idea of more than doubling the minimum wage to $15 per hour, a new…
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Yellen backs new allocation of IMF’s currency to aid in recovery
The global economy is at risk of a ‘dangerous and permanent divergence’, the secretary of the US Treasury warned G20…
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US CEOs, including Trump supporters, push for Biden’s $1.9T plan
Business executives from multiple industries sent a letter to US Congressional leaders on Wednesday urging them to pass Biden’s COVID-19…
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Snap back? US consumer confidence rises as COVID cases drop
United States consumer confidence increased in February, with households slightly more upbeat about the labour market amid declining new COVID-19…
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Wild swings: US bank profits sank 36.5% in 2020 as COVID raged
Banks posted $147.9bn in profits in 2020, a significant drop from record 2019 levels, a regulatory group said on Tuesday.…
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US economy will need support for ‘some time’, Fed’s Powell warns
Recovery for the world’s largest economy remains ‘uneven and far from complete’, the Fed’s Jerome Powell tells Congress. The United…
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UK: Unemployment rises as COVID lockdowns hit economy
The United Kingdom’s unemployment rate edged up to 5.1 percent in the final three months of last year, its highest…
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World
Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive…
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