Unemployment

Nevada Reports Highest Unemployment Rate in U.S. at 5.8%

Nevada recorded the highest unemployment rate in the nation for January 2025, reaching 5.8%, according to the state's Department of Employment, Training and Rehabilitation. This marks a 0.1% increase from December, when the state also held the highest unemployment rate in the country.

Massive Fraud in COVID-19 Relief Programs Exposed

The COVID-19 pandemic prompted swift economic relief efforts, but recent reports reveal these programs were plagued by significant fraud and mismanagement. A comprehensive investigation by the U.S. House Select Subcommittee on the Coronavirus Pandemic highlights the extent of waste and abuse in initiatives like the Paycheck Protection Program (PPP) and expanded unemployment insurance.

China’s Massive Lunar New Year Travel Season Begins Amid Economic Uncertainty

China’s 2025 Spring Festival travel rush, the world’s largest annual human migration, began Tuesday, with officials projecting a record 9 billion trips over the 40-day period known as chunyun. Centered on Lunar New Year, which falls on January 29, the season runs through February 12, culminating in the Lantern Festival.

Washington State Bill Proposes Unemployment Benefits for Illegal Immigrants Amid Budget Crisis

Washington State Senator Rebecca Saldaña (D-Seattle) has introduced a bill that would allocate state funds to provide unemployment benefits to illegal immigrants, despite the state's $10-17 billion budget deficit. The proposed legislation, SB 5023, aims to create a separate program for workers ineligible for federal unemployment insurance due to their immigration status.

Trump Team Promotes ‘Make America Wealthy Again’ Vision Ahead of Inauguration

With less than a week until Inauguration Day, former President Donald Trump’s team is rallying support for his “Make America Wealthy Again” (MAWA) agenda, a continuation of his America First policies. In a video released to Breitbart News, Trump lays out his promises to reduce costs and reinvigorate the economy by prioritizing energy independence, cutting taxes, and fighting inflation.

Yellen Admits COVID Relief Spending Contributed to Inflation

U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.

Biden to Establish Monument for Francis Perkins

President Joe Biden moved to establish the Frances Perkins National Monument in Newcastle, Maine, to "honor the historic contributions of America’s first woman Cabinet Secretary and the longest-serving Secretary of Labor," a White House fact sheet says.

U.S. Supreme Court Agrees to Hear Case Involving Catholic Charities’ Tax Exemption Status

The U.S. Supreme Court has agreed to hear the case Catholic Charities Bureau, Inc. v. Wisconsin Labor Review Commission et al., which involves the Catholic Charities Bureau's request for a religious tax exemption in Wisconsin.

U.S. Economy Adds 227,000 Jobs in November, Beating Expectations

The U.S. economy added 227,000 jobs in November, surpassing economists’ forecast of 215,000, the Department of Labor reported Friday. The unemployment rate edged up slightly to 4.2%, as more individuals entered the workforce.

Markets Rally Following Trump Election Victory, Posting Best Month of 2024

The stock market is recording its strongest month this year following President-elect Donald Trump’s victory in the 2024 election, reflecting investor optimism about the economic outlook under the incoming administration.

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