Washington, DC…Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for shelter, food, energy, […]
Washington, DC…Nonfarm payroll employment increased by 943,000 in July, and the unemployment rate fell by 0.5 percentage point to 5.4 percent. Notable job gains occurred in leisure and hospitality, in local government, education, and in professional and business services. Reflecting the initial impact of the coronavirus (COVID-19) pandemic on the labor market, job losses totaled […]
New York, NY….Monday Morning has been a tough one for Wall Street. The Dow as of this writing is down over 800 points on economic recovery concerns in the wake of the Covid 19 variants that are moving through the world’s unvaccinated populations.
Washington, DC… The U.S. Department of Labor today announced the award of more than $130 million in grants to develop, modernize and diversify Registered Apprenticeship Programs in 15 states and to establish Registered Apprenticeship Technical Assistance Centers of Excellence in three states and Washington, D.C., to provide technical expertise and services and accelerate the expansion of […]
Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity […]
Los Angeles, CA… While the tax filing deadline has passed, an estimated 500,000 working families in California are still eligible to apply for the $220 million in tax credits available to them from the State of California through the California Earned Income Tax Credit (CalEITC) and Golden State Stimulus (GSS). United Ways of California and […]
Washington, DC… Last Thursday, the U.S. Small Business Administration and the non-profit Public Private Strategies Institute launched a new regional webinar series, “Getting Back on Track: Help is Here,” to provide Main Street entrepreneurs with the information and resources they need to continue to recover from the COVID-19 pandemic. The educational webinars will feature speakers from The […]
San Francisco, CA… Customers May Qualify for Several Different Financial Assistance Programs at Once. Apply or Enroll Now, Don’t Wait for Summer. Customers who have been financially impacted by the COVID-19 pandemic can now find new and updated information and web resources on various programs available to those who are behind on their bills and/or […]
Sacramento, CA… Today, Governor Gavin Newsom unveiled another component of his $100 billion California Comeback Plan: making historic investments in small business relief. Governor Newsom’s Plan expands the state’s COVID-19 Small Business Relief Grant program to a total of $4 billion, representing the largest such program in the entire country. That’s in addition to Governor Newsom’s […]
