Policymakers at the Federal Reserve have said they expect the increase in inflation to be short-lived, and they are unlikely to change that view based on an increase in energy […]
United States Economy
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Back to news homePandemic Wave of Automation May Be Bad News for Workers
“You can pull a less-skilled worker in and have them adapt to our system much easier,” said Ryan Hillis, a Meltwich vice president. “It certainly widens the scope of who […]
June Jobs Report Shows an 850,000 Gain, Better Than Expected
Anxieties over a lag in hiring lifted on Friday as the government reported that employers added 850,000 workers in June, the largest monthly gain since August.Wages jumped for the third […]
Americans Are Retiring Earlier Because of Pandemic
Dee Dee Patten, 57, hadn’t planned to retire early. But when the coronavirus-induced lockdown took hold in 2020 and business dried up at the mechanical repair shop that she and […]
Halfway Through 2021, the Hot Stocks Are Old-Fashioned
The company sells a surprising amount of its sculpting lipstick, stay-in-place foundation and skin care creams at airports. Ms. Perin Vinton is betting, in part, that the company’s sales will […]
U.S. Deficit Expected to Hit $3 Trillion in 2021, Budget Office Says
WASHINGTON — The U.S. economy is rebounding from the pandemic downturn faster than expected and is on track to regain all the jobs lost during the coronavirus by the middle […]
Markets Work, but Untangling Global Supply Chains Takes Time
Now, there are higher prices for base materials like steel and aluminum. There are suppliers being forced to raise wages sharply to keep assembly lines operating. There are semiconductor manufacturers […]
Black Workers Stopped Making Progress on Pay. Is It Racism?
Consider information technology, which offers some of the best-paid jobs in the country. African Americans earn around one in 10 bachelor’s degrees in computer science nationwide. By contrast, they account […]
Where Jobless Benefits Were Cut, Jobs Are Still Hard to Fill
She got an offer on the spot and took it.Justin Johnson, too, already had a job when he showed up at an Express Employment Professionals office. He was working at […]
Why Washington Can’t Quit Listening to Larry Summers
Many people who have served in top government jobs do stick around, commenting favorably on how their former team is doing. Others, like the former Treasury secretaries Timothy F. Geithner […]