Consumer prices rose 7.5 percent annually by the end of January, according to data released Thursday by the Labor Department, the fastest rate since February 1982. The Labor Department’s consumer price index (CPI), which tracks inflation, rose on an annual basis for the sixth consecutive month and above the 7.2 percent increase projected by a […]
Tag: economy
Economy Adds 467K Jobs Even With Omicron Surging
The U.S. gained 467,000 jobs in January despite fears the economy lost jobs amid the omicron-driven surge of COVID-19 cases, the Labor Department reported Friday. While the unemployment rate ticked up slightly to 4 percent, January job growth far exceeded the expectations of many economists, who feared the U.S. would lose jobs last month for […]
Record Number Of Americans Quit Their Jobs In September
The number and percentage of U.S. workers voluntarily leaving their jobs reached an all-time high in September, according to data released Friday by the Labor Department. Roughly 4.4 million U.S. workers quit their jobs in September and the “quits rate” rose to 3 percent, according to the latest edition of the Job Openings and Labor […]
Inflation At Highest Levels In 30 Years
Inflation isn’t going anywhere fast — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase, year over year, according to data released Wednesday by the Bureau of Labor Statistics. It’s the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October’s […]
Ted Cruz Tells Unemployed Americans “Get A Job”
Sen. Ted Cruz (R-Texas) reacted to news of millions of Americans losing their unemployment benefits over the weekend by suggesting out-of-work people should “get a job.” In a tweet sent late Monday night, Cruz shared with his followers a headline from the Associated Press reading “Jobless Americans have few options as benefits expire.” “Um, get […]
US Economy Adds 850,000 Jobs; Unemployment Up
The U.S. economy gained 850,000 jobs in June and the unemployment rate rose to 5.9 percent, from 5.8 percent, a sign that the recovery of the world’s largest economy is building momentum after misses in April and May. Economists had expected gains of roughly 700,000 jobs and a drop of 0.1 to 0.2 percent in […]
National Unemployment Dips To 5.8%
Economists had expected roughly 671,000 new jobs, a significant step up from April’s disappointing 266,000. The unemployment rate fell to 5.8 percent, from 6.1 percent the previous month. The latest figures point to a steadily improving labor market, though one that’s not recovering as quickly as the administration would like. There were 9.3 million unemployed […]
Economy Adds 980,000 Jobs In May
The private sector added a whopping 978,000 jobs in May, according to payroll company ADP, well above the 680,000 economists expected and the highest level since last summer. “Private payrolls showed a marked improvement from recent months and the strongest gain since the early days of the recovery,” said ADP’s chief economist, Nela Richardson. “Companies […]
Dow Jones Falls Over 500 Points Over Inflation Fears
Two sheriff’s deputies in Texas were killed in a shootout in Eden on Monday night over a dog complaint, according to reports. Concho County deputies arrived at a home on the 100 block of Bryan Street in Eden, Texas, to respond to a complaint about a dog around 8:20 p.m. Monday, KSAN/KLST reported, citing an […]
US Economy Gains 379,000 Jobs In First Full Month Of Biden Term
The U.S. economy added 379,000 jobs in February, roundly beating economists’ estimates of 210,000, and indicating that one year into the pandemic, the labor market is finally showing signs of recovery. In the first full monthly employment report under President Joe Biden, the unemployment rate fell to 6.2 percent,from 6.3 percent in January, according to […]
Economy Top Issue Facing Voters Say Gallup Poll
Voters consider the economy their top issue in the presidential election, according to newly released Gallup polling. Close to 90 percent named the economy as their top issue, including 44 percent who said it was “extremely” important and 45 percent who said it was “very” important. Meanwhile, 83 percent of voters said terrorism and national […]
White House Does Not Dispute Fallen Soldier Family’s Claims
Under pressure over President Donald Trump’s reported handling of a call with the widow of an Army sergeant killed in action, the White House on Wednesday did not dispute details that have emerged about Trump saying the soldier “knew what he was signing up for” when he joined the military. Trump reportedly said this to […]