Economy shows improvement as jobless aid expands
More Americans are receiving unemployment benefits than at the current 6.1 percent rate, boosted by pandemic relief programs that aid self employed and long term unemployed. States plan to end the extra $300 payments early, potentially affecting 2.5 million beneficiaries by July while the economy grows.
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Washington
Ohio
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Labor Department
Associated Press
Texas
Georgia
Tennessee
South Carolina
Florida
Arizona
Arindrajit Dube
University of Massachusetts Amherst
Jason Furman
Harvard
Barack Obama
Furman
U.S
Dube
Melissa Kearney
Yellen projects bumpy recovery with temporary inflation risk
Treasury Secretary Janet Yellen told a House panel that the U S recovery will be uneven and inflation may stay high through year end though she expects the rise to be temporary. She cited factors from reopened parts of the economy and supply chain strains including chips and auto production. She urged strengthening IRS funding to close the tax gap, noting low auditor levels historically.
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Washington
Treasury
Janet Yellen
Yellen
House Appropriations Subcommittee
U.S
Treasury Department
Internal Revenue Service
IRS
County jobless claims remain high for 61st week
Ohio officials report continued high unemployment claims for a 61st week as jobless totals stay elevated amid ongoing layoffs. Data from the Ohio Department highlights persistent weakness in the labor market across counties with no broad improvement in first-time claims.
Mortgage rates slip below three percent amid housing surge
Mortgage rates fell this week with the 30 year rate at 2.95 percent from 3.00 percent last week and the 15 year rate easing to 2.27 percent. The housing market remains overheated as demand outpaces supply driving prices to new highs and more homes selling above list price. Price gains quickened in March with the Case Shiller index up 13.3 percent year over year, the fastest since 2013, while economists attribute improving incomes to stimulus.
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Treasury
U.S
Greg Bassuk
AXS Investments
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Freddie Mac
Redfin
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McDalds
AbbVie
Microsoft
Amber
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Apple Inc S
Newell Br
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Nikola
BedBath
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BeyondMt Re
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OwensCorn
Palantir
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ClevCliffs
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Pfizer
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PlugPowr H
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Express
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ExxonMbl
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FirstEngy
Shrwins
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Smucker
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Tesla Incs
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Dodge & Cox
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Pimco Inclnstr
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Doe
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