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Biden inherits a struggling labor market

Video Credit: Reuters Studio - Duration: 01:43s - Published
Biden inherits a struggling labor market

Biden inherits a struggling labor market

The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk that the economy shed jobs for a second straight month in January.

This report produced by Yahaira Jacquez.


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Joe Biden Joe Biden President of the United States since 2021

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President Joe Biden, 81, tested positive for Covid-19 during a Las Vegas campaign trip. He's experiencing mild symptoms and will self-isolate in Delaware. This health setback comes amid mounting pressure from fellow Democrats urging him to withdraw from the 2024 presidential race, citing age concerns and electability issues. Recent polls show significant numbers of Democratic and independent voters believe Biden should step aside. #JoeBiden #Biden2024 #PresidentBiden #Delaware #COVID19 #BidenHealth Trump2024 #DonaldTrump #USnews #USpolitics #Worldnews #RNC #Oneindia #Oneindianews ~PR.320~HT.318~ED.194~GR.125~

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President Biden Tests Positive for COVID, Public Appearance Canceled

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Americans Americans Citizens and nationals of the United States

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Speaking in the Oval Office, Biden said passions were running high on both sides and the stakes of the election were enormous but that violence was not the answer, adding "We can do this".

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In a critical prime-time address, President Joe Biden urges Americans to reject political violence and resolve their differences peacefully following the attempted assassination of former President Donald Trump. Highlighting the importance of civility in political discourse, Biden calls for unity and condemns the normalization of violence. Watch his powerful message and join the discussion on how we can heal as a nation. #BidenSpeech #RejectViolence #Unity #TrumpAssassinationAttempt #PoliticalDiscourse #AmericanDemocracy #DonaldTrumpAssassination

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Middle-Aged Americans Are, Underprepared for Retirement, , Study Finds. 'Newsweek' reports that people in the United States who are approaching retirement age may be critically underprepared when it comes to their savings. According to Prudential Investments, Americans around the age of 55 are facing a "midlife retirement crisis," lacking the funds for a comfortable post-working life. . A recent survey by the major insurance provider found the average retirement savings of a 55-year-old to be $47,950. . This falls significantly short of the recommended goal of having eight times a person's annual income saved by the time they reach 55. . According to the survey, 57% of 55-year-olds said they expected to outlive the funds they have currently managed to save. That's compared to 59% of 65-year-olds and 52% of 75-year-olds. The survey also found that one-third of 55-year-olds and 43% of 65-year-olds have already been forced to postpone retirement due to inflation. Attention today is rightly centered on the approximately 11,000 65-year-olds entering retirement every week, but we must also focus as an industry on the opportunity to help a slightly younger generation of workers entering the critical 10-year countdown to retirement, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'. Further, the financial futures of certain cohorts—such as women—are especially precarious, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'. The upside is that, with the right planning and strategy to protect their life's work, we can ensure this generation is well-prepared to live not only longer, but better, Caroline Feeney, executive vice president and head of Prudential's U.S. Businesses, via 'Newsweek'

Credit: Wibbitz Top Stories    Duration: 01:31Published

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