The record 4.3 million resignations in August reflects a long-term shift in the labor market as workers seek more work-life balance and safety.
Author: Paul Davidson, USA TODAY
Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes
Social Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That’s the most since 1982.
Economy adds disappointing 194,000 jobs in September as schools reopen but COVID spikes linger
The jobs report number fell short of forecasts as COVID-19 spiked. Economists surveyed by Bloomberg had estimated gains of 488,000.
Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer
Americans are shopping less frequently and spending more per trip during COVID, a trend that could continue to some extent, hurting impulse purchases.
Fed signals it may reduce bond-buying stimulus by year-end, forecasts first rate hike next year amid higher inflation, slower growth
Fed signals It could begin to reduce its bond-buying stimulus later this year, moves up forecast for first rate hike to 2022
More companies say goodbye to the office as COVID-19 rages and remote work gains acceptance
Some companies have shuttered some or all of their offices amid COVID-19 and the shift to remote work. The trend could reshape the office market.
Social Security could get biggest cost-of-living increase in 40 years amid COVID-19-related inflation surge
The Social Security cost-of-living adjustment next year could be about 6%, the most since 1982, according to an estimate
Poverty fell last year amid COVID-19 pandemic as government lifelines helped soften job losses
Incomes fell last year but fewer people lived in poverty as the COVID-19 pandemic threw millions out of work while sparking government aid.
Some businesses welcome Biden’s vaccination mandate while others worry about the costs, effects on worker shortages
Many larger firms welcome the directive, while smaller businesses with about 100 employees worry about its effect on labor shortages.
Are we at risk of stagflation as prices rise and growth slows?
A spike in inflation, combined with slower growth than projected amid COVID surge, has raised the specter of stagflation, some economists say.