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States see record low unemployment across the US
Across much of the country, the jobs market is as strong as it’s ever been, and Black women, young people and people with disabilities are among the workers benefiting, recent U.S. Bureau of Labor Statistics data show. Twenty states reported an unemployment rate under 3% in April, while 15 states saw record lows, led by […]
GOP’s desired work requirements for federal aid would kick roughly 21M from anti-poverty programs
Congressional Republicans’ efforts to slash federal spending by tying work requirements to Medicaid and SNAP would have far-reaching consequences for people with mental health issues, chronic health problems, and some people with disabilities if enacted, policy experts on anti-poverty programs say. They say the work requirements as laid out by House Speaker Kevin McCarthy’s “Limit, […]
Fast federal response to pandemic key to US economic recovery, economists say
The public health emergency declaration ended this week, and with it some of the policies that helped the U.S. recover from the many of the economic effects of the coronavirus pandemic. Although COVID-19 is still a public health threat, the national economic crisis it created has subsided, with the U.S. economy back to its pre-pandemic […]
Fed’s fault-finding on bank failures could lead to stronger regulations
New banking regulations proposed by federal watchdogs don’t go far enough in countering potential problems, but could help lower bank fees and calm financial markets and nerves, leading to a more stable financial system, according to some economists. The Federal Reserve, FDIC and Government Accountability Office released reports in late April blaming mismanagement of risk, […]
Credit bureau CEOs face tough questions at Senate hearing; Democrats push to remove medical debt
WASHINGTON — U.S. senators grilled the executives of three major credit reporting bureaus this week on whether their practices are transparent and fair to consumers, with Democrats frequently pressing the CEOs to remove medical debt from the reports. Ohio Democratic Sen. Sherrod Brown, chair of the Senate Committee on Banking, Housing, and Urban Affairs, said […]
Here’s where gas prices are headed (for now) and why
Higher temperatures. Higher gas prices. Drivers across the country have seen that seasonal given play out in recent weeks. The national average for a gallon of regular gas was $3.64 on April 26, up 21 cents over the previous month, according to AAA. The good news is that gas is 49 cents below where it […]
Long COVID is hurting business; workplace accommodations could help
Three years after the start of the pandemic, millions of working-age people still suffer from long COVID-19 and some lawmakers and advocates, including people with long COVID, say not enough is being done to protect their well-being and ensure they can continue to be employed. Proposed federal legislation, better workplace accommodations, and more federal funding […]
High mortality rate of homeless people highlighted in new report
Barb Anderson, director of Haven House in Jeffersonville, Indiana, works with homeless people to place them into housing. It’s a job that has shown her firsthand the severe health issues facing unhoused people in southern Indiana, where many people live in tents in the woods and under bridges. She is currently working with an older […]
Mortgage rates are stabilizing but that may not be enough to help house hunters
Home prices are cooling off and mortgage rates fell last week, but the fallout from recent bank closures could continue to make it hard for some Americans to buy homes, economists say. Mortgage rates fell to 6.32% for a 30-year fixed rate mortgage, Freddie Mac data released on March 28 shows. Last fall, the 30-year […]
Help wanted: Women needed for U.S. chips manufacturing plan to succeed
Natalie Bell was thinking about a career in art after college when a welding class and a delivery of four pizzas changed her career trajectory. “I was taking a delivery out to a construction site and I met an ironworker who I was taking the delivery to,” said Bell, who lives in Columbus, Ohio. “I […]
Regulators end week like they started — tamping down fears, rescuing a bank
Financial regulators, policymakers, and bank executives spent the week trying to abate fears that a banking crisis will spread across the U.S. financial system. On Friday, President Joe Biden released a statement calling on Congress to take action to make it easier for regulators to hold senior bank executives accountable for their mismanagement. “It should […]
Silicon Valley Bank’s collapse differs from our last financial crisis
After the largest U.S. bank failure in more than a decade, regional bank stocks plunged on Monday as the federal government — with the 2007-2008 financial crisis still a fresh memory for many — rushed to reassure Americans that the U.S. banking system was stable. President Joe Biden told Americans the risks taken on by […]