Jobless claims fall to a better-than-expected 215,000

Jobless claims fall to a better-than-expected 215,000

New unemployment claims dropped and remained near “historically-low levels” for the week ended Feb. 26, “as the labor market stays tight following a decline in COVID-19 cases,” The Wall Street Journal reports Thursday.
Initial jobless claims, which are seen as a proxy for layoffs, fell by 18,000 to a seasonally-adjusted 215,000 for the last week, “down from the revised 233,000 the week before,” the Journal writes, per a Thursday Labor Department report. The 215,000 total was also the lowest since the start of the year and below the Wall Street estimate of 225,000, per CNBC.
Continuing claims, which run a week behind, crawled up to 1.47 million; the four-week moving average, however, which better factors in weekly volatility, dropped to its lowest level since April 4, 1970, CNBC reports.
The numbers are a sign that the “the labor market, despite headwinds from inflationary pressures, remains tight as the economy regains more of the jobs lost due to the pandemic in 2020,” the Journal writes. The data also arrives ahead of the Friday’s Bureau of Labor Statistics nonfarm payrolls report, in which Wall Street is hoping to see a gain of 440,000 jobs in February, per CNBC.
Federal Reserve Chairman Jerome Powell indicated Wednesday that despite the economic uncertainty surrounding the current crisis in Ukraine, the central bank is still planning to soon raise interest rates to combat inflationary pressures in the U.S.

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Zelensky says Ukrainian defenses holding

Zelensky says Ukrainian defenses holding

This post was originally published on this siteUkraine’s President Volodymyr Zelensky said Thursday that the country’s defense lines were holding against the Russian incursions and referred to the attack as “another virus” the country had to face.”It’s been a week now that another virus…

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Intel official: Russia planning public executions after Ukrainian cities captured

Intel official: Russia planning public executions after Ukrainian cities captured

This post was originally published on this site Russia reportedly has drawn up a grisly plan to break Ukraine’s morale as the war drags into its second week. A European intelligence official said Moscow will crack down on protests and potentially conduct public executions to discourage Ukrainians from fighting back...

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White House asks Congress to approve additional $10B in Ukraine-related aid

White House asks Congress to approve additional $10B in Ukraine-related aid

This post was originally published on this siteThe White House on Thursday formally asked Congress to authorize $10 billion in additional humanitarian, economic and security assistance for Ukraine and allies in central Europe to respond to Russia’s invasion of Ukraine.“Given the rapidly evolving…

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The Jan. 6 panel says Trump likely broke laws in trying to overturn the election

The Jan. 6 panel says Trump likely broke laws in trying to overturn the election

This post was originally published on this siteIn a court filing, the select committee says evidence “provides, at minimum, a good-faith basis for concluding” that Trump broke the law with his efforts to obstruct the counting of electoral votes.

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Gas prices are up. What can Biden do to lower costs at the pump amid Russia’s invasion of Ukraine?

Gas prices are up. What can Biden do to lower costs at the pump amid Russia’s invasion of Ukraine?

This post was originally published on this siteWhy are gas prices so high? Will gasoline cost more because of Russia invading Ukraine? Consumers are looking to the White House to lower prices.     

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George P. Bush, Ken Paxton prepare for a bitter primary runoff battle for Texas attorney general

George P. Bush, Ken Paxton prepare for a bitter primary runoff battle for Texas attorney general

This post was originally published on this site “George P. Bush, Ken Paxton prepare for a bitter primary runoff battle for Texas attorney general” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government...

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New York judge rules against dissolving NRA

New York judge rules against dissolving NRA

This post was originally published on this site The National Rifle Association escaped a court-ordered dissolution Wednesday, after a New York judge ruled that alleged self-dealing by the powerful gun lobby’s leader, if proven, would not warrant such a strong penalty. The state’s lawsuit seeking to boot NRA chief Wayne...

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Ten steps everyone can take to strengthen democracy

Ten steps everyone can take to strengthen democracy

This post was originally published on this site Stories and images of Ukrainians fighting for their democracy have inspired citizens worldwide. Many Americans have wondered what we should do to defend ours. They’re right to wonder. American democracy is in grave danger from the same anti-democratic forces. Authoritarianism — the...

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Over 1M refugees flee Ukraine; COVID will ‘likely’ spread amid Russian invasion: Live updates

Over 1M refugees flee Ukraine; COVID will ‘likely’ spread amid Russian invasion: Live updates

This post was originally published on this siteMore than 1 million people have fled Ukraine as Russian forces escalate attacks. WHO issues warning over COVID transmission in the region. Updates.     

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