As job openings remain high, so does unemployment --- a sign the U.S. may need to retrain workers.
The jobs report for July 15 has shown a decrease in unemployment claims to 360,000 compared to 364,000 two weeks ago.
The move comes after McDonald's in May announced that it would raise its pay for thousands of its hourly workers.
While 22 million jobs were lost in OECD countries in 2020, 114 million jobs were lost worldwide as a result of the COVID pandemic.
As the economy reopens and hirings grow, private payrolls show a promising gain of 692,000.
Between 2019 and 2020, the number of millionaires climbed by more than 5 million, growing from 50.9 million to more than 56 million.
The IRS has identified over 10 million taxpayers that may be eligible for tax refunds under the 2021 American Rescue Plan.
New jobless claims surprised experts for the second week in a row, but other metrics suggest a more mixed recovery.
New numbers from Bankrate show that checks are both important and fleeting, with most consumers forced to spend them on necessities.
March almost doubled February's job gains, but several factors make it unclear whether the trend can continue.
US jobless claims fall, but remain high
Fed's Powell warns US 'very far' from a strong labor market
US 'very far' from a strong labor market: Fed's Powell
US sees third straight week of declines in new jobless claims
Trump aid delay snarled US unemployment systems: study
US manufacturing sector continues recovery in 2021
Pandemic caused worst year for US economy since 1946
New US jobless benefit claims fall as Biden takes office
The disruptions to the labor market were most pronounced in the second quarter of 2020 when widespread lockdowns led to working-hour losses equivalent to 525 million jobs.
The ongoing struggles of the aviation sector held back U.S. durable goods orders at the end of 2020, but the manufacturing sector continued to slowly recover from the pandemic downturn.
US housing boomed in 2020 even as pandemic slammed economy
Armed with new political power, Democrats are weighing the political risks of an aggressive stimulus bill.