Another 205,000 American workers filed for unemployment benefits last week, matching the prior week’s jobless claims number and roughly in line with pre-pandemic levels, suggesting that the recent rise in COVID-19 infections was not driving a fresh wave of layoffs.
Though unemployment fell to its lowest level in nearly two years, the U.S. added back a worse-than-expected 210,000 jobs in November—indicating the labor market is still struggling to add back jobs lost during the pandemic amid the looming threat of a new coronavirus variant.
The United States is likely to see greater inflation risks from record-high housing prices as demand continues to outstrip the number of newly-built homes while bottlenecks in supply chains slow construction, Federal Reserve Governor Michelle Bowman said on Monday.
Federal officials “have lost complete control” of the southwest border under President Joe Biden and Department of Homeland Security (DHS) Secretary Alejandro Mayorkas, three former high-ranking immigration enforcement officials told a panel of Republican senators Wednesday.
On Saturday, China sent a new record-setting 39 warplanes into Taiwan’s air defense identification zone (ADIZ) just one day after the last record-setting Chinese military sortie around Taiwan.
