Employers added more than half a million jobs in October as COVID cases declined.
Author: Paul Davidson, USA TODAY
Fed says it will reduce purchases of bonds as inflation rises, economy recovers following COVID-19 recession
Fed says it will scale back its purchases of bonds, like mortgages, as high inflation persists and the economy recovers following the COVID-19 recession.
Here’s why you should care the Fed is set to announce it’s tapering its bond-buying stimulus
The Federal Reserve could hint at rate hikes as it’s set to cut its bond buying stimulus in a milestone for the recovery from the COVID-19 recession.
Great Resignation sets off ‘vicious cycle’: As more people quit, exhausted colleagues also head for the exit
The record job quitting in the U.S. is burdening remaining employees with more work and prompting many of them to quit too
Economy grew just 2% last quarter as COVID-19 raged, supply snags slowed deliveries
Gross domestic product grew 2% in third quarter as COVID-19’s delta variant and supply-chain bottlenecks curtailed consumer and business spending.
New index aims to measure US economic recovery by tracking how empty parking lots are
An index of parking revenue provides a gauge of the economy’s recovery from the COVID-19 recession. It can also tell time and duration of activities.
Eighty-five percent of businesses temporarily closed during pandemic have reopened in milestone for recovery, Yelp says
Most businesses temporarily closed in pandemic have reopened, Yelp says. And 439,000 new businesses have opened in 2021, topping the 2019 total.
The Great Resignation led to 4.3 million Americans quitting in August. This trend is here to stay.
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.
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.