Scott Horsley
Stories
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Millions Of Gig Workers Depend On New Unemployment Program, But Fear It'll End Soon
Gig workers are now relying on a safety net program that didn't even exist six months ago. It provides unemployment benefits to the growing number who don't have a traditional payroll job.
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As Economic Recovery Slows, Fed Sees Many Risks And Pledges Full Support
The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.
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American Incomes Were Rising, Until The Pandemic Hit
Median household income jumped to $68,700 in 2019, the highest since record-keeping began in 1967. Many of those gains have likely been erased this year, as the pandemic left tens of millions jobless.
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More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living
Consumer prices rose 0.4% in August and 1.3% over the last 12 months. Some economists say that official measure understates inflation, because the pandemic has changed both what and how we buy.
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Job Gains Slowed Again In August As Employers Added 1.4 Million Jobs
Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.
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Morning Edition
One Kentucky Town Has Almost Recovered From Its Job Losses During The Pandemic
In Owensboro, Kentucky, the the unemployment rate this summer was actually lower than it was before the pandemic.
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New Jobless Claims Drop Below 1 Million, But There's A Caveat
Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's down from the previous week, but the report comes with an asterisk.
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U.S. To Owe More Than The Size Of Its Economy For The 1st Time In 75 Years
Congressional forecasters expect the federal deficit to reach $3.3 trillion during the current fiscal year. By 2023, government debt will reach an all-time high of 107% of GDP.
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The Payroll Tax Delay Is Here, But So Is Confusion About It
Some employees will soon see a boost in take-home pay. The Trump administration has given employers the option to stop collecting payroll taxes. But workers may have to repay the money next year.
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All Things Considered
Many Employers Say Temporary Tax Break Is Not Worth The Trouble
The Trump administration is planning to suspend the collection of payroll taxes starting Tuesday. But unless Congress forgives the taxes, workers will end up with smaller paychecks early next year.