Jobs

There have now been almost $54 million in fraudulent unemployment claims in Rhode Island during the coronavirus pandemic, state officials say.

Surging inflation, particularly in the United States, has emerged as a new threat to the global economy as it faces a "worsening two-track recovery" from the coronavirus pandemic, the International Monetary Fund warned on Wednesday.

The number of Americans who quit their jobs in May fell off a record high as openings held near a record high.

Companies across the country are raising wages at one of the fastest paces in decades, a bid to lure Americans back to the workforce as businesses struggle to onboard new employees – but the increase is probably just a "one-off," according to one economist.

Median pay changed by 5% or less either way at about a third of S&P 500 companies.

Out-of-work Americans in Indiana, Texas and Maryland have filed lawsuits against their respective states seeking to reinstate a pandemic relief program that paid out an extra $300 a week in unemployment benefits.

Treasury Secretary Janet Yellen will also head overseas to push for a minimum global tax and outline the administration's priorities on climate change and the economic recovery

The Fourth of July fell on Sunday this year, so various U.S. markets are observing the holiday Monday.

Lawmakers are taking their battle over a Massachusetts tax law into their own hands after the Supreme Court said this week it would not weigh in.

U.S. equity markets rallied into the record books Friday as investors digested the better-than-expected June jobs report ahead of the holiday weekend.

Job creation picked up steam in June as the U.S. economy added the most new workers in 10 months, driven largely by bars, restaurants and hotels re-hiring thousands of employees.