America's teen unemployment rate is lowest since 1953
With some older workers sitting on sidelines, teens are rushing in to fill jobs void, drawn by higher pay and openings.
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
With some older workers sitting on sidelines, teens are rushing in to fill jobs void, drawn by higher pay and openings.
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
ProPublica analyzed a "vast trove" of IRS tax data on Jeff Bezos, Warren Buffet and other billionaires.
Half of all U.S. states are cutting off enhanced jobless aid two months early. Benefit recipients say that's cruel.
The airline said it is buying 15 aircraft from Boom Supersonic to bring back faster-than-sound travel.
As prices rise, packages are shrinking, masking cost hikes for buyers on everything from ice cream to pet food.
Annual sale, which was postponed last year until October because of COVID-19, will focus on boosting small businesses.
Postmaster Louis DeJoy said the "rational" price increase is part of his plan to strengthen the postal service's finances.
Revoking a controversial business tax break would free up $5 billion for child care, according to the bipartisan effort.
Starting June, about 1 million freelancers in states from New Hampshire to Texas will be shut off from all jobless aid.
Knix Wear founder Joanna Griffiths said women face an "unspoken rule" that they can't raise money while pregnant.
Extra federal assistance "keeps the lights on and food on the table," another worker says as his state ends funding.
People fresh out of school, along with the class of 2021, face stiff competition for jobs as the economy recovers.
Connecticut, Oklahoma and Montana are offering cash to those who get full-time jobs and keep them for several weeks.
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.