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The Portage County Legal News, Kent Ohio, Ravenna Ohio, Portage County Ohio

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US jobless claims down 24,000 to 400,000 as economy recovers

WASHINGTON (AP) — The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.
Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday.
The weekly applications have fallen mor ... (full story)

US economy surpasses pre-pandemic size with 6.5% Q2 growth

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WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level.
The recent report from the Commer ... (full story)

A long-term focus

Q: What's the "Long-Term Stock Exchange"? -- P.W., Norwich, Connecticut
A: Launched last year, the Long-Term Stock Exchange (LTSE) aims to differentiate itself from more mainstream exchanges such as the New York Stock Exchange and the Nasdaq by its focus on long-term performance. Companies on traditional exchanges are ... (full story)

How to have a retirement worth saving for

Most advice about retirement planning focuses on how to save enough money to replace your paycheck.
But work provides us with a lot more than income. Many of us get a sense of meaning, accomplishment and even identity from what we do. Work also provides social connections and a structure for our days.
Losing all that can be ... (full story)

FirstEnergy reevaluates denial of ratepayer funds in bribe

COLUMBUS (AP) — Utility giant FirstEnergy Corp. will reevaluate the company's previous denial that it used customer money to fund a $60 million bribery scheme to win legislative approval of a $1 billion bailout for two unprofitable nuclear power plants in Ohio.
The Akron-based company issued a notice to the Public Utilitie ... (full story)