Red-hot inflation is eroding American’s wage gains and hurting Democrats in an election year Inflation surged more than expected in January, notching another four-decade high as strong consumer demand and pandemic-related supply-chain snarls fueled rapid price gains that wiped out the benefits of rising wages for most Americans. The consumer price index rose 7.5% in…
Economists expected payrolls to increase by 550,000 in November. U.S. job growth significantly undershot expectations in November, suggesting that difficulty in attracting new workers is weighing on the labor market’s recovery from the pandemic, even as COVID-19 cases dissipated nationwide. The Labor Department said in its monthly payroll report released Friday that payrolls in November…
From the second quarter Phoenix Management “Lending Climate in America” Survey, results show a positive outlook for the U.S. Economy and set a record high for the near-term GPA in the history of the survey. Lenders’ confidence on how they expect the U.S. economy to perform during the next six months reached a new record high in…