Inflation is hitting the 3 big areas of household budgets
David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets.…
Northrop Grumman CEO Warden on labor shortages, Omicron variant
WASHINGTON – Northrop Grumman CEO Kathy Warden said the ongoing labor shortage plaguing the nation was a primary focus for America’s defense business. “When I think about the challenges that…
Job growth disappoints in November, with a nonfarm payrolls gain of just 210,000
The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid threat, the Labor Department reported…
Employers likely hired more workers and boosted wages in November
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021.…
U.S. weekly jobless claims less than expected as labor market returns to pre-pandemic self
Initial claims for unemployment insurance rose last week but held at levels consistent with how the job market looked before the Covid-19 pandemic devastated the U.S. employment picture, the Labor…
Private payrolls post better-than-expected growth of 534,000 in November
Companies added jobs at a robust pace in November despite worries about rising inflation and the threat that the pandemic could slow growth into the winter months, according to a…
Mortgage refinance demand plunged 15% last week, but could now reverse
Daniel Acker | Bloomberg | Getty Images Mortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but late in the week everything…
Economic outlook is strong for next 6 months, top CEOs say in survey
A customer carries her purchases during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner…
Fed Chair Powell says omicron variant poses risk to economy, complicates inflation
Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain…
Removing U.S.-China trade tariffs would ease inflation: Jacob Lew
Eliminating tariffs imposed on goods during the worst of the trade war would help ease inflation in the U.S., former Treasury Secretary Jacob Lew told CNBC on Tuesday. But there’s…
