economy

Job rates increase in the Rogue Valley

MEDFORD, Ore. – As the economy opens up, leisure and hospitality jobs are on the rise in the Rogue Valley. The Oregon Employment Department said during May, total payroll employment rose by 1,000 jobs in Jackson County and 410 jobs in Josephine …

US interest rate may increase sooner than planned

WASHINGTON, D.C. (NBC) – Inflation is rising much faster than the Federal Reserve projected earlier this year. Federal Reserve Chairman Jerome Powell spoke following Wednesday’s meeting of the policy-making federal open market committee. Powell says the current inflation spikes are partly due …

Jobless claims down

  WASHINGTON, D.C. (NBC) – The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low. According to the U.S. Labor Department’s weekly numbers, jobless claims dropped by 20,000 last week to 385,000. …

Unemployment rates improve slightly

(NBC) – The U.S. jobs market is improving, slightly, according to the Labor Department. 406,000 people filed for first-time unemployment claims last week. This is well above the norms before the pandemic crisis began, but these numbers represent the closest to pre-pandemic …

Oregon’s unemployment work requirements phasing back in

SALEM, Ore. – Work requirements for Oregonians receiving unemployment benefits are about to kick in again. Due to the COVID-19 pandemic, the Oregon Employment Department suspended work requirements for those receiving Regular Unemployment Insurance or Pandemic Emergency Unemployment Compensation. Now, OED is …

Monthly child tax credits start this summer

WASHINGTON, D.C. – The Biden administration announced Monday that about 39 million families will begin receiving monthly child tax credit payments for the first time. The payments are part of the expanded child tax credit program in the American Rescue Plan. Families …