Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
US hospitals ask for donations of gently used crutches, canes, walkers amid shortage
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Biden touts $1T infrastructure plan as eventual fix to supply chain backlog, inflation
President Joe Biden is touting his $1 trillion infrastructure plan at the Port of Baltimore as an eventual fix for the nation’s inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin.
President Joe Biden is touting his $1 trillion infrastructure plan at the Port of Baltimore as an eventual fix for the nation’s inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin.
Business startups had record year, Census Bureau to begin keeping official tally
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.
US consumer prices jumped 6.2% in past year, highest inflation rate since 1990
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Unemployment claims drop to 267,000, a new pandemic low
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike
The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.
The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.
FedEx CEO predicts 100M more shipments this holiday compared to 2019 despite supply chain clog
The FedEx CEO said the company is ready for Christmas 2021, predicting 100 million more shipments this holiday season compared to 2019.
The FedEx CEO said the company is ready for Christmas 2021, predicting 100 million more shipments this holiday season compared to 2019.
House lawmakers vote yes on Biden's $1T infrastructure bill
The House has approved a $1 trillion package of road and other infrastructure projects after Democrats resolved a months-long standoff between progressives and moderates.
The House has approved a $1 trillion package of road and other infrastructure projects after Democrats resolved a months-long standoff between progressives and moderates.
City of Phoenix hopes its 'mobile career unit' can win Global Mayors Challenge honor
The City of Phoenix is among 50 cities in this year's Bloomberg Global Mayors Challenge, with an idea that aims to connect employers and job seekers.
The City of Phoenix is among 50 cities in this year's Bloomberg Global Mayors Challenge, with an idea that aims to connect employers and job seekers.
October jobs report: US hiring rebounds with 531,000 jobs added
The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.
The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.
US unemployment claims drop to 269,000, another pandemic low
U.S. unemployment claims fell to a fresh pandemic low last week to 269,000.
U.S. unemployment claims fell to a fresh pandemic low last week to 269,000.
IKEA prices will likely rise due to supply chain pressures
Yes, IKEA has seen soaring online sales. But the global retailer also had slumping sales numbers at stores due to lockdowns as well as higher materials costs.
Yes, IKEA has seen soaring online sales. But the global retailer also had slumping sales numbers at stores due to lockdowns as well as higher materials costs.
Paid family leave: House Dems put 4 weeks back into $1.75T spending bill
Democrats in the House said paid family and medical leave will be placed back into their $1.75 trillion social and environmental spending bill.
Democrats in the House said paid family and medical leave will be placed back into their $1.75 trillion social and environmental spending bill.
Fed dialing back COVID-19 economic aid amid high inflation
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.
Biden seeks solutions for supply chain delays at G20 summit
President Joe Biden plans to talk with fellow world leaders at the Group of 20 summit in Rome about relieving supply chain bottlenecks.
President Joe Biden plans to talk with fellow world leaders at the Group of 20 summit in Rome about relieving supply chain bottlenecks.
US salaries grew more last quarter than they have in 2 decades
The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.
The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.
Biden announces 'historic' deal on $1.75T spending plan, asks Democrats for votes
President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.
President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.
Biden arrives in Rome for global summit as domestic agenda in limbo
President Joe Biden promised to show the world that democracies can work to meet the challenges of the 21st century.
President Joe Biden promised to show the world that democracies can work to meet the challenges of the 21st century.