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America's chronic labor shortage is 'primary focus' for Northrop Grumman in 2022, CEO says

Fri, 12/03/2021 - 12:01
Warden's comments come on the heels of a jobs report that shows the U.S. economy created far fewer jobs than expected in November.

Job growth disappoints in November, with a gain of just 210,000, despite high hopes

Fri, 12/03/2021 - 06:29
Nonfarm payrolls were expected to increase by 573,000 in November, according to economists surveyed by Dow Jones.

Hiring was likely strong and employers boosted wages in November, economists say

Thu, 12/02/2021 - 14:34
Job growth was expected to have been strong in November, and employers continued to boost wages to attract workers in an incredibly tight labor market.

Jobless claims less than expected as labor market returns to pre-pandemic self

Thu, 12/02/2021 - 07:00
Initial claims for unemployment insurance were expected to total 240,000 for the week ended Nov. 27, according to economists surveyed by Dow Jones.

CEO survey taken before omicron emergence shows optimism about the economy over the next 6 months

Wed, 12/01/2021 - 07:58
Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the Business Roundtable said.

Mortgage refinance demand plunged 15% last week, but could now reverse

Wed, 12/01/2021 - 07:18
Mortgage rates rose last week but turned around quickly on news of the omicron variant and comments by the chairman of the Federal Reserve.

Private payrolls post better-than-expected growth of 534,000 in November, ADP says

Wed, 12/01/2021 - 07:16
Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter.

Home price gains slow down for the first time since May 2020

Tue, 11/30/2021 - 06:07
Home prices are still higher than a year ago, but the gains are now decelerating for the first time since the pandemic began.

Here's why unemployment claims hit their lowest level since 1969

Tue, 11/30/2021 - 06:00
Claims for unemployment benefits are trending downward. A seasonal adjustment likely made the most recent data appear rosier than reality.

Rolling back U.S.-China tariffs would ease inflation in the U.S., former Treasury secretary says

Mon, 11/29/2021 - 22:43
Eliminating tariffs imposed on goods during the U.S.-China trade war would help ease inflation in the U.S., former U.S. Treasury Secretary Jacob Lew said.

Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture

Mon, 11/29/2021 - 15:44
Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.

Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation

Mon, 11/29/2021 - 12:44
President Joe Biden hosted the CEOs of several major retailers at the White House to discuss efforts to tackle global supply chain bottlenecks and inflation.

Pending home sales rebounded sharply in October, despite rising mortgage rates

Mon, 11/29/2021 - 10:43
Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September, according to the National Association of Realtors.

The current inflation run is similar to other episodes in history, but with important differences

Sat, 11/27/2021 - 06:40
Trying to find a historical parallel to the current run – and, thus, perhaps a way out – isn't easy.

Inflation is not going away any time soon – and Biden will have to wait it out like the rest of us

Wed, 11/24/2021 - 15:13
Inflation has blossomed into a chief concern for the White House, which has ramped up efforts to remedy supply-chain interruptions.

The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner

Wed, 11/24/2021 - 12:24
Expect more tough talk from the Federal Reserve as it may weigh winding down its bond program sooner than expected.

Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show

Wed, 11/24/2021 - 11:36
Minutes from the November Fed meeting show members concerned about inflation and willing to raise interest rates should it continue to run hot.

How climate change is raising the price of your pumpkin pie

Wed, 11/24/2021 - 09:05
Many of the ingredients that go into holiday pies have been hit by floods, fires and drought, causing shortages and pushing prices higher.

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Wed, 11/24/2021 - 07:42
Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Wed, 11/24/2021 - 06:19
Initial claims for unemployment insurance were expected to total 260,000 for the week ended Nov. 20.