U.S. Jobless Claims Drop to Pandemic Low

The number of Americans seeking unemployment benefits dropped last week to 473,000, a new low since the pandemic began impacting the U.S. workforce last March. Today’s report from the Labor Department showed that the number of weekly jobless claims has dropped significantly from a peak of 900,000 in January as more businesses have reopened and… Read more »

GDP Growth Hints at Sustained Economic Gains

The U.S. economy grew 1.6 percent over the first three months of the year as American consumers began to emerge from COVID-19 isolation and the federal government has injected trillions of stimulus spending to offset high unemployment and business losses. The first quarter’s growth would be 6.4 percent at an annual rate, although there are… Read more »

Senate Democrats Reject GOP Infrastructure Offer

Senate Democrats have already dismissed the narrowly focused infrastructure counter-proposal offered by Senate Republicans today, increasing the probability that Senate leaders will attempt to move President Biden’s $2.3 trillion infrastructure and jobs package through budget reconciliation. The Republican plan, offered by Sens. Shelley Moore Capito (R-WV), Mitt Romney (R-UT), Bill Cassidy (R-LA) and others, proposes… Read more »