Consumer prices surge 5% annually, most since August 2008

U.S. consumer prices increased in May at the fastest annual rate in nearly 13 years as the economic comeback from COVID-19 lockdowns continues to build momentum. The Labor Department said Thursday that the consumer price index in May rose 5% year over year, … Read More

US Job Creation Beats Expectations While Unemployment Remains Above 6%

FILE – A man walks past a “Now Hiring” sign on a window at a Sherwin Williams store, in Woodmere Village, Ohio, Feb. 26, 2021. The U.S. economy created 379,000 jobs last month as the nation slowly reopens following coronavirus … Read More