November 24, 2021

US Jobless Benefit Claims Drop to 52-year Low

  First-time claims for U.S. unemployment compensation dropped sharply last week to a 52-year low, easily falling below the figure recorded at the start of the coronavirus pandemic that has played havoc with the U.S. economy over the last 20 months, the Labor Department reported Wednesday A total of 199,000 jobless workers filed for assistance last week, down 71,000 from the revised figure of the week before and the lowest recorded figure since November 1969, the government said. The new weekly figure was also well below the 256,000 total in mid-March of last year when the pandemic first swept into

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Americans Prepare for Holidays as Inflation Squeezes Wallets

  Tawanda Carter is a school librarian in New Orleans, Louisiana. She said preparing for the holidays has presented a unique set of challenges this year, a sentiment shared by millions of Americans. “Food prices are higher, and a lot of items aren’t even in stock,” she said, as she gets ready to celebrate Thanksgiving with her family in Atlanta, Georgia. “We’ve been keeping an eye out for sales and also thinking about new dishes to make up for the traditional ones we might not be able to eat this year.” Across the United States, prices on essentials such as

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