Worker shortages are forcing firms to give more hours to current employees, increasing their pay. But they can’t meet demand, shrinking the economy
Author: Paul Davidson, USA TODAY
Major business group calls for ending $300 federal bonus in unemployment checks, blaming it for weak April job gains
The Chamber of Commerce called on Congress to end the $300 federal bonus to unemployment checks, saying it discourages workers from taking jobs
The economy added just 266,000 jobs in April even as states eased COVID restrictions and vaccinations rose
The economy added just 266,000 jobs last month even as states relaxed business restrictions and vaccinations rose. Unemployment edged up to 6.1%.
States that lifted COVID-19 restrictions early got an economic boost. What happened next?
What happened to states that were more cautious about reopening during the COVID-19 pandemic?
Workers are slowly returning to offices: Dallas takes the lead, while San Francisco and NY trail behind
Higher office occupancy is critical for the survival of downtown restaurants, shops and other businesses that rely on purchases by office workers.
The economy grew 6.4% in Q1 as stimulus checks, COVID-19 shots, looser business constraints spurred more spending
The economy grew 6.4% in Q1 as stimulus checks, COVID vaccine shots set off shopping sprees. The showing defied early forecasts for a dark winter.
Biden is turbocharging the economy with stimulus. Will he smother it with regulation?
Biden is helping pull the economy from its COVID downturn. But some conservatives and businesses fear he could smother growth with new constraints.
There is a surge in new job openings, but why isn’t there a surge in job candidates?
More employers are actively recruiting job candidates, even for low- and middle-level white collar jobs as fewer answer ads during COVID crisis.
Fed Chair Powell: The biggest risk to the Fed’s forecast for a roaring economy this year is another COVID-19 surge
Fed Chair Jerome Powell said another COVID-19 surge is the biggest risk to the central bank’s rosy forecast. Interest rates will remain near zero
Biden administration unveils plan to raise corporate taxes, discourage multinationals from offshoring
The “Made in America” plan, which would require passage by Congress, expands on Treasury Secretary Yellen’s call this week for a global minimum tax.