Economists expected inflation to rise by 7% in December. Inflation rose at the fastest pace in nearly four decades in December, as rapid price gains fueled consumer fears about the economy and sent President Biden’s approval rating tumbling. The consumer … Read More
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. … Read More
A “Help Wanted” sign is posted in front of a business on Feb. 4 in Miami. Although millions are unemployed, some businesses that require being on-site are struggling to find workers. –Joe Raedle/Getty Images At a time when millions of … Read More
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
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
Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 9.8% The U.S. economy added 1.4 million jobs in August as the unemployment rate unexpectedly tumbled, indicating the nation’s labor market is continuing a slow but steady recovery from the coronavirus pandemic. The … Read More
New data show much faster growth in wages and incomes. An assembly line worker packages items from an online order to be shipped out of a Target store in Edison, N.J., Nov. 16, 2018. PHOTO: JULIO CORTEZ/ASSOCIATED PRESS Political discourse nowadays is … Read More