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  • US unemployment claims fall to new pandemic low of 290,000 Oct 21, 2021 06:27 PM IST

    US unemployment claims fall to new pandemic low of 290,000

    Layoffs levels are increasingly returning to normal, but many other aspects of the job market aren't. Hiring has slowed in the past two months, even as companies and other employers have posted a near-record number of open jobs.

  • US employers may have to 'pay more' amid labor shortage: Janet Yellen Oct 20, 2021 09:39 PM IST

    US employers may have to 'pay more' amid labor shortage: Janet Yellen

    Companies nationwide are struggling to find workers to fill open positions, especially service firms like restaurants and hotels, while big employers like Amazon and Walmart have raised wages amid a massive push to bring in more workers ahead of the holiday shopping season.

  • A stock market malaise with the shadow of ’70s-style stagflation Oct 14, 2021 07:41 PM IST

    A stock market malaise with the shadow of ’70s-style stagflation

    The number of new US jobs fell far short of expectations, but wage growth shot up higher

  • US unemployment claims fall to lowest level since pandemic Oct 14, 2021 06:49 PM IST

    US unemployment claims fall to lowest level since pandemic

    The decline in layoffs comes amid an otherwise unusual job market. Hiring has slowed in the past two months, even as companies and other employers have posted a near-record number of open jobs.

  • Americans quit their jobs at a record pace in August Oct 12, 2021 09:39 PM IST

    Americans quit their jobs at a record pace in August

    The data helps fill in a puzzle that is looming over the job market: Hiring slowed sharply in August and September, even as the number of posted jobs was near record levels.

  • US trade deficit hits record $73.3 billion in August Oct 05, 2021 07:10 PM IST

    US trade deficit hits record $73.3 billion in August

    The politically sensitive goods deficit with China surged 10.8% to $31.7 billion in August. This year's deficit with China through eight months totals $218.9 billion, up 13.7% from the same period a year ago.

  • US slightly revises up its GDP estimate for Q2 to 6.7% Sep 30, 2021 06:50 PM IST

    US slightly revises up its GDP estimate for Q2 to 6.7%

    During the first half of the year, the economy was being boosted by vast federal support for the recovery from the pandemic recession — trillions of dollars in individual stimulus payments, expanded unemployment aid and help for small businesses.

  • More Federal Reserve officials see first interest rate rise in 2022 Sep 23, 2021 01:02 PM IST

    More Federal Reserve officials see first interest rate rise in 2022

    Nine officials on the FOMC now expect a US rate increase next year, up from seven officials in June

  • How car rentals explain the 2021 US economy Sep 21, 2021 07:04 PM IST

    How car rentals explain the 2021 US economy

    The industry shows how economic decisions in 2020 are having serious implications in 2021

  • US consumer prices rise 0.3% in August, lowest in 7 months Sep 14, 2021 06:39 PM IST

    US consumer prices rise 0.3% in August, lowest in 7 months

    The August slowdown in prices was seen as offering some hope that Americans were finally starting to see some relief from a price surge earlier in the year.

  • Democrats seek corporate, wealthy tax hikes for $3.5 trillion plan Sep 13, 2021 11:01 PM IST

    Democrats seek corporate, wealthy tax hikes for $3.5 trillion plan

    It's a daunting moment for Biden and his allies in Congress as they assemble the massive package that is destined to become one of the largest singles measures considered in some time, if ever.

  • White House, Democrats tangle over Biden bid to raise taxes Sep 11, 2021 07:50 PM IST

    White House, Democrats tangle over Biden bid to raise taxes

    The president has proposed more than $3 trillion worth of revenue increases, primarily through higher taxes for corporations and the country's richest households as well as greater IRS enforcement that would target the wealthy.

  • US economy on track for strong jobs market despite Delta: Fed's Powell Aug 27, 2021 07:51 PM IST

    US economy on track for strong jobs market despite Delta: Fed's Powell

    Powell warned that moving to respond to temporary inflation pressures 'may do more harm than good.'

  • US slightly upgrades GDP estimate for last quarter to 6.6% Aug 26, 2021 07:16 PM IST

    US slightly upgrades GDP estimate for last quarter to 6.6%

    The slight rise in the government's estimate for April-June growth reflected, in part, stronger business investment and export sales.

  • Biden and the Fed wanted a hot economy. There’s risk of getting burned. Aug 24, 2021 06:53 PM IST

    Biden and the Fed wanted a hot economy. There’s risk of getting burned.

    The results so far show that pushing the economic accelerator to the floor has trade-offs

  • US added 943,000 jobs in July; unemployment rate at 5.4% Aug 06, 2021 06:29 PM IST

    US added 943,000 jobs in July; unemployment rate at 5.4%

    The rollout of vaccines has encouraged businesses to reopen and consumers to return to shops, restaurants and bars that they had shunned for months after the pandemic struck.

  • Inflation is new battle line as Republicans and Biden spar over spending Jul 29, 2021 06:59 PM IST

    Inflation is new battle line as Republicans and Biden spar over spending

    Republicans have accused the President of stoking ‘Bidenflation’

  • US jobless claims down 24,000 to 400,000 as economy recovers Jul 29, 2021 06:48 PM IST

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

    The job market and overall economy have been recovering from the collapse of the spring of 2020.

  • US economy grew 6.5% in second quarter: Govt Jul 29, 2021 06:45 PM IST

    US economy grew 6.5% in second quarter: Govt

    The gain reported by the Commerce Department meant the world's largest economy surpassed its pre-pandemic size, climbing above its level in the fourth quarter of 2019 to $19.4 trillion.

  • ‘It’s painful’: Infrastructure talks near either a deal or collapse Jul 27, 2021 06:49 PM IST

    ‘It’s painful’: Infrastructure talks near either a deal or collapse

    Both Democrats and Republicans are tantalisingly close to an agreement on infrastructure but with none in hand

  • Is the US economy too hot or too cold? Yes. Jul 22, 2021 06:23 PM IST

    Is the US economy too hot or too cold? Yes.

    The Biden administration and the Federal Reserve are betting that they can achieve a smooth transition to an economy that enjoys prosperity without frustratingly high inflation

  • US jobless claims rise to 419,000 from a pandemic low Jul 22, 2021 06:16 PM IST

    US jobless claims rise to 419,000 from a pandemic low

    Americans are shopping, traveling and eating out more as the pandemic has waned, boosting the economy and forcing businesses to scramble for more workers.

  • US unemployment claims fall to 360,000, a new pandemic low Jul 15, 2021 06:39 PM IST

    US unemployment claims fall to 360,000, a new pandemic low

    The US recovery from the recession is proceeding so quickly that many forecasters have predicted that the economy will expand this year by roughly 7%.

  • US consumer prices surged in past year the most since 2008 Jul 13, 2021 06:42 PM IST

    US consumer prices surged in past year the most since 2008

    The pickup in inflation, which largely stems from the economy's rapid recovery from the pandemic recession, has heightened concerns that the Federal Reserve might feel compelled to begin withdrawing its low-interest rate policies earlier than expected.

  • Aging population to hit US economy like a 'ton of bricks': US commerce secretary Jul 13, 2021 08:50 AM IST

    Aging population to hit US economy like a 'ton of bricks': US commerce secretary

    Raimondo, who is paying for round-the-clock care for her own 90-year-old mother, said America's aging demographics were going to hit the country "like a ton of bricks" without increased federal aid, and warned the current situation was "untenable."

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