The Fed has kept its key rate near zero since the COVID-19 pandemic triggered a deep recession in March 2020.
Author: Paul Davidson, USA TODAY
CPI report released: Consumer prices jumped 6.8% in November, the fastest inflation spike since 1982
The consumer price index rose 6.8% annually in November, the most since 1982, as supply snarls, labor shortages pushed inflation higher.
Experience, education … COVID vax status? More job candidates put it on their resumes.
A growing number of job applicants are adding their COVID-19 vaccination status to their resumes. Some who don’t are getting screened out.
Great Resignation shows little letup as Americans quit jobs at near-record pace in October; openings surge near all-time high
The number of people quitting jobs fell from 4.4 million to 4.2 million in October. Job openings increased to 11 million, near all-time high.
Hiring slowed in November, with the economy adding just 210,000 jobs, even as more people sought work
Hiring slowed last month, with just 210,000 jobs added, and COVID hurdles clouding the outlook for the labor market. The unemployment rate fell.
Massachusetts tops 5 states with the worst worker shortages. See where your state ranks.
Gap between job openings and hires during the pandemic can offer a more precise measuring stick, though it’s far from an exact science. Here’s a list.
‘A temporary interruption’: Economy could take slight hit from omicron variant in 2022, experts say
The omicron coronavirus variant could ding economic growth next year as it dampens consumer demand and worsens labor shortages and supply troubles.
Biden nominates Powell for second term as Fed chief, opting for continuity, and names Brainard vice chair
President Biden nominated Powell for second term as Fed chief, opting for continuity with inflation soaring and growth slowing.
‘Crazy’ or ‘much ado about nothing’? How Joe Biden’s Build Back Better plan could affect inflation
Inflation concerns could jeopardize, or at least scale back, President Joe Biden’s signature $1.75 trillion Build Back Better legislation.
Is your state’s economy nearing or topping its pre-pandemic level of activity or lagging? See where your state ranks.
Some states have approached or surpassed their pre-COVID economies while others are lagging. South Dakota leads, New York ranks last.