Economy Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the…
Economy Nov 12 For 2nd straight month, Americans quit jobs at a record pace Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers continued to post a near-record number of available jobs.
Economy Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Economy Nov 05 WATCH: Biden touts October growth of 531,000 jobs The economy’s emergence from the pandemic, by most measures, remains on course.
Economy Oct 29 Wages jump by the most on records dating back 20 years Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.
Economy Oct 22 States that cut off of jobless aid see no surge of job seekers In states that cut off the $300 check, the workforce — the number of people who either have a job or are looking for one — has risen no more than it has in the states that maintained the payment.
Politics Oct 21 Federal Reserve imposes sweeping new limits on policymakers’ investments The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign.
Economy Oct 13 Social Security COLA largest in decades as inflation jumps Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
Economy Oct 12 Americans quit their jobs at a record pace in August The Labor Department said that quits jumped to 4.3 million in August, the highest on records dating back to December 2000.
Economy Oct 11 WATCH: David Card, Joshua Angrist and Guido Imbens win Nobel Prize in economics One U.S.-based economist’s pioneering research showed an increase in minimum wage does not lead to less hiring, and immigrants do not lower pay for native-born workers. Two others shared the award for creating a way to study these types of…