Federal Reserve to Raise Federal Funds Interest Rate 1/4 to 1/2 Percent

Federal Reserve to Raise Federal Funds Interest Rate 1/4 to 1/2 Percent

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 […]

Consumer Prices Soar in June! Energy up 23.8%, Used Vehicles up 41.7% & All Items up 5.4%

Consumer Prices Soar in June!  Energy up 23.8%, Used Vehicles up 41.7% & All Items up 5.4%

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, […]

The US Economy Added 943,000 Jobs in July & Unemployment Drops to 5.4%!

The US Economy Added 943,000 Jobs in July & Unemployment Drops to 5.4%!

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 […]

U.S. Dept. of Labor Awards More Than $130M in Grants to Support Registered Apprenticeship Programs

U.S. Dept. of Labor Awards More Than $130M in Grants to Support Registered Apprenticeship Programs

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 […]

Federal Reserve Board & Federal Open Market Committee Statement & Press Conference

Federal Reserve Board & Federal Open Market Committee Statement & Press Conference

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 […]

500,000 Working California Families Still Need to Apply for $220 Million in Tax Credits

500,000 Working California Families Still Need to Apply for $220 Million in Tax Credits

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 […]

SBA Launches “Getting Back on Track: Help Is Here” Webinar Series to Help America’s Small Business Owners & Entrepreneurs

SBA Launches “Getting Back on Track: Help Is Here” Webinar Series to Help America’s Small Business Owners & Entrepreneurs

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 […]

New and Updated Web Resources to Help Customers Financially Impacted by COVID-19

New and Updated Web Resources to Help Customers Financially Impacted by COVID-19

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 […]

California Roars Back: Governor Newsom Announces the Largest Small Business Relief Program in the Nation

California Roars Back: Governor Newsom Announces the Largest Small Business Relief Program in the Nation

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 […]

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