Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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Labor Market Strengthened in March
Department of Labor reports unemployment approaching pre-pandemic levels. The Bureau of Labor Statistics reported that 431,000 jobs were added to the U.S. economy in March and unemployment fell…
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Unemployment Claims Continue to Decrease
Labor Department reports the lowest level since 1969. The Department of Labor reported on Thursday that the number of new applications for unemployment benefits fell by 28,000 last…
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Federal Reserve Appointee Withdraws from Nomination
Senator Manchin had publicly opposed her stance on energy. On Monday, Senator Joe Manchin of West Virginia announced his opposition to President Biden’s nominee to the Federal Reserve…
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National Debt Exceeds $30 Trillion
Treasury Department announces sobering milestone. America’s total national public debt outstanding is now above $30 trillion, according to Treasury Department data. Government borrowing accelerated during the COVID-19 pandemic as…
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Treasury Secretary Supports Federal Reserve Nominees
Expresses confidence in their ability to keep the agency independent. President Joe Biden previously nominated Jerome Powell and Lael Brainard to serve on the Federal Reserve Board, and…
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U.S. Experiences Slowdown in Hiring Rate
Gain was slowest since last December. The U.S. economy added 210,000 jobs in November, indicating a decrease in hiring as the year nears a close. However, the labor…
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Unemployment Claims Drop to 290,000 Last Week
2 million jobs likely will not return to the economy. The Department of Labor released the latest figures measuring the U.S. job market on Thursday. The report found…
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Fed Says Vaccine Mandates Hurt Employment
Mandates are one part of the labor shortage. Vaccine mandates are contributing to labor supply problems, businesses are reporting to the Federal Reserve. The central bank said that recent…
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Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
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