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The Gazette in Medina, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Mar 12, 2021

Page

9

Markets rise as bond volatility eases fueled by relief bill

Major U.S. stock indexes hit all time highs as bond market volatility eases and Biden's sweeping pandemic relief bill boosts sentiment. The S&P 500, Dow and Nasdaq surged while tech names led gains and GE faced the day’s steepest drop amid its restructuring.

U.S Treasury Elyse Rosenbaugh J.P Morgan Dow Washington

States seek big projects with COVID relief windfall

States plan sweeping uses of the $1.9 trillion relief funds including rural broadband drinking water improvements and economic development. New Mexico officials cite $600 million to cover unemployment debts and over $1 billion for road grants and grants. Governors from both parties outline ambitious agendas despite budget constraints and debates over per capita allocations and tax-cut constraints.

Congress Joe Biden New Mexico Michelle Lujan Grisham California Idaho Vermont

Job Openings Rise as Layoffs Fall in January

The Labor Department reports 6.9 million job openings at month end January up from 6.7 million in December signaling hiring buildup. February added 379,000 jobs, unemployment fell to 6.2 percent, while layoffs stayed just under 1.7 million.

Labor Department

Unemployment Claims Surge in Medina County

Medina County residents filed 927 unemployment benefit claims last week as store closures tied to the COVID 19 pandemic hit. The four week average rose to 983, nearly triple the prior record from 2009 during the Great Recession.

Medina County

Unemployment claims remain high despite some hiring optimism

The unemployment benefits total stands at 712000 last week, reflecting a high share of jobless Americans. The figure may rise due to pandemic era rules and repeated aid applications amid overwhelmed state systems. Manpower Group finds about a quarter of firms plan to add workers in Q2, with one third aiming to restore prepandemic hiring by July and over half by year end.

Frankfurt Germany European Central Bank U.S Euro Eurozone China ECB Christine Lagarde Lagarde European Union Unem Manpower Group

Study shows Hollywood diversity cost to business

McKinsey & Company calculates a $10 billion yearly loss for the film and TV industry due to under valuing Black creatives. The report notes 92 percent of film executives are white and 87 percent in television, with Black led films often budgeted 24 percent lower.

New York McKinsey & Company Hollywood McKinsey Wire

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