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Weekly jobless claims plunged by 200,000 applications to the lowest level since the start of the COVID-19 pandemic more than a year ago, the Labor Department reported Thursday In the week ending April 10, roughly 576,000 Americans filed initial claims for unemployment benefits, plummeting from a revised total of 769,000 in the previous week. Last week’s total was the lowest since the week ending March 14, 2020, when Americans filed 256,000 initial claims for jobless benefits as entire swaths of the economy began to shut down. ADVERTISEMENT While weekly jobless claims data can be thrown off by fraud and backlogs — two significant issues during the pandemic — last week’s sharp decline is another encouraging sign of the U.S. economy beginning to rapidly recover. Weekly claims skyrocketed to a peak of 3.3 million during the onset of the COVID-19 pandemic, which wiped out 22 million jobs and forced thousands of businesses to shutter. The economy has since recovered more … [Read more...] about Weekly jobless claims fall to lowest level since lockdowns

Falling rents and lower transportation costs are pushing the region’s inflation rate toward its slowest pace since the Great Recession, but consumers still aren’t getting much relief when it comes to the cost of meat and dairy, according to the latest Denver-Aurora-Lakewood Consumer Price Index. The cost of a basket of local consumer goods declined 0.7% between September and November, pushing down the region’s annual rate of inflation to 0.3%, which is a quarter of the U.S. annual inflation rate of 1.2%, according to the U.S. Bureau of Labor Statistics. Annual inflation was running a hot 3.8% in metro Denver in January and despite activity coming to a screeching halt because of the pandemic, held at an elevated 3.1% pace in July, three times the national rate . That is no longer the case. Falling costs for transportation, especially gasoline, and lower rents appear to have reversed that. Private transportation costs were down 4.9% of the year, aided by a 3% decline in new … [Read more...] about Inflation does about-face in metro Denver as rent and transportation costs fall

MEMPHIS, Tenn. (CBSDFW.COM/AP) — It wasn’t the most graceful shot ever taken, but NBA fans in Dallas could care less. Luka Doncic hit a leaning, lunging 3-pointer as time expired to give the Mavericks a 114-113 victory over the Memphis Grizzlies on Wednesday night. Doncic ended the night with 29 points, while Kristaps Porzingis added 21 points. Dwight Powell had 12 points, shooting 6 of 7 from the field. READ MORE: After Air Bag Wiring Problem Toyota Recalls 2009-2015 Venza SUVs In US But it was Doncic’s winning shot, falling down just beyond the 3-point line, that sent the Mavericks sprinting down the court as Doncic raised his arms and smiled. Officials reviewed the play, confirming the 3-pointer for Dallas’ win rather than sending the game to overtime. “Honestly, I don’t remember,” Doncic said when asked if he got a good look at the rim. “I was kind of falling down. It’s kind of lucky, but we’ll take it.” Mavericks coach Rick Carlisle could only express amazement at the … [Read more...] about Luka’s Falling Forward Buzzer Beating 3-Pointer Leads Mavericks Past Grizzlies By 1

While the pandemic continues, so does the University of Arizona's study abroad department’s quick and ever-changing response as it plans to move forward with programs for the summer and fall. According to Harmony DeFazio, executive director of UA study abroad, deadlines to apply for this summer have passed and are approaching for the fall. While the number is about the same for the fall, this summer, study abroad offered about 30 programs compared to the approximately 45 they had the year prior to the pandemic. The number changed because the feasibility of programs depends on the restrictions implemented by specific countries, including quarantine, testing and immigration requirements, meaning study abroad has to deal with the circumstances of each student differently. “It’s not so much that there’s big chunks of the world where we’re saying ... students can’t go there," DeFazio said. "It’s really being monitored on a program by program basis. Programs are being offered in … [Read more...] about Dealing with a pandemic: Study abroad plans for the summer and fall

LOS ANGELES (CBSLA) – Today, a mountain biker fell into a canyon at Mt. Wilson. The biker clung to the sheer canyon wall as quick-thinking fellow bikers helped secure him and call for emergency help. “He knew he was in such a precarious situation. He was just scared to even rotate his head to look at us. He just didn’t want to move a muscle,” Deputy Richard Thomsen of the Los Angeles Sheriff’s Department told CBSLA. READ MORE: Lakers Welcome Back Fans At Staples Center, Hosting Boston Celtics Thursday The biker fell upside down, hundreds of feet above the canyon floor in the Angeles National Forest. First responders said he was around 40 feet below the road, facing head-down and laying on his stomach when some other bikers on the trail saw him. Sheriff’s Deputy Scott Helbing said the two onlookers were able to lasso the stranded biker’s ankle with a cord that they used as an anchor to keep him from falling any farther. READ MORE: Huntington City School District … [Read more...] about Mountain Biker Rescued After Falling Into A Canyon At Mt. Wilson Today