Oct 21, 2021 06:27 PM IST
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.
- Oct 20, 2021 09:39 PM IST
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.
- Oct 14, 2021 07:41 PM IST
The number of new US jobs fell far short of expectations, but wage growth shot up higher
- Oct 14, 2021 06:49 PM IST
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.
- Oct 12, 2021 09:39 PM IST
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.
- Oct 05, 2021 07:10 PM IST
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.
- Sep 30, 2021 06:50 PM IST
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.
- Sep 23, 2021 01:02 PM IST
Nine officials on the FOMC now expect a US rate increase next year, up from seven officials in June
- Sep 21, 2021 07:04 PM IST
The industry shows how economic decisions in 2020 are having serious implications in 2021
- Sep 14, 2021 06:39 PM IST
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.
- Sep 13, 2021 11:01 PM IST
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.
- Sep 11, 2021 07:50 PM IST
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.
- Aug 27, 2021 07:51 PM IST
Powell warned that moving to respond to temporary inflation pressures 'may do more harm than good.'
- Aug 26, 2021 07:16 PM IST
The slight rise in the government's estimate for April-June growth reflected, in part, stronger business investment and export sales.
- Aug 24, 2021 06:53 PM IST
The results so far show that pushing the economic accelerator to the floor has trade-offs
- Aug 06, 2021 06:29 PM IST
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.
- Jul 29, 2021 06:59 PM IST
Republicans have accused the President of stoking ‘Bidenflation’
- Jul 29, 2021 06:48 PM IST
The job market and overall economy have been recovering from the collapse of the spring of 2020.
- Jul 29, 2021 06:45 PM IST
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.
- Jul 27, 2021 06:49 PM IST
Both Democrats and Republicans are tantalisingly close to an agreement on infrastructure but with none in hand
- Jul 22, 2021 06:23 PM IST
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
- Jul 22, 2021 06:16 PM IST
Americans are shopping, traveling and eating out more as the pandemic has waned, boosting the economy and forcing businesses to scramble for more workers.
- Jul 15, 2021 06:39 PM IST
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%.
- Jul 13, 2021 06:42 PM IST
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.
- Jul 13, 2021 08:50 AM IST
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."