U.S. consumer prices have soared above economists’ predictions and by the most in more than a decade, as fiscal stimulus and booming demand pushed against supply constraints, potentially fueling market fears of a prolonged bout of higher inflation. The year-over-year consumer price index (CPI) jumped by 4.2 percent for the 12 months ending in April, compared…
Annual Inflation Surges to 4.2 Percent, Highest in 13 Years
U.S. consumer prices have soared above economists’ predictions and by the most in more than a decade, as fiscal stimulus and booming demand pushed against supply constraints, potentially fueling market fears of a prolonged bout of higher inflation. The consumer price index (CPI) jumped by 4.2 percent for the 12 months ending in April, compared to…
Record Number of Small Businesses Can’t Find Workers: Report
A record number of small businesses couldn’t find enough workers to hire in April, according to a new report from the largest small-business lobby group in the United States, reinforcing concerns that the pandemic-related federal unemployment boost may be sidelining workers and hurting economic growth. The National Federation of Independent Business (NFIB) said in its…
COVID-19 Ushers in Era of Big Government Spending in Australia
Australian Treasurer Josh Frydenberg announced a spending bonanza in Tuesday night’s budget speech, signalling a complete shift by the normally fiscally conservative Coalition government. Frydenberg has defended the budget, which allocates billions across most sectors of society, manifesting in the form of tax breaks, job training programs, and boosting of critical services. It also precedes…
Alabama Is the Latest GOP State to End Pandemic Unemployment Benefits Amid Labor Shortage
Alabama Gov. Kay Ivey joined a growing list of GOP-led states and ended the federal, pandemic-related $300 unemployment boost amid concerns that the benefits are leading to a shortage in people looking for work. The Department of Labor last week released a report saying that only 266,000 new jobs were created in April, which was…
Alabama to End Federal Pandemic Unemployment Benefits Amid Labor Shortage
Alabama has joined a growing list of GOP-led states that are ending participation in federal pandemic-related unemployment programs amid concerns that the benefits are leading to a shortage in people looking for work. Gov. Kay Ivey, a Republican, cited an increase in job postings along with complaints from businesses saying they can’t find workers to…
Biden: Americans Who Turn Down ‘Suitable’ Jobs Will Lose Unemployment Benefits
President Joe Biden on Monday said that Americans receiving expanded federal unemployment benefits that were implemented during last year’s pandemic.
States Push Jobless From Virus Recession to Return to Work
STOWE, Vt.—Eduardo Rovetto is hoping the state of Vermont’s reinstated requirement that people who are collecting unemployment benefits must seek work to qualify will help him hire enough staff for his restaurant in the resort town of Stowe. After more than a year of coronavirus restrictions on his business, Piecasso Pizzeria & Lounge, he’s expecting…
Increasing Oilsands Investment Would Create More Jobs Than Boosting Production: Report
The oilsands are a Canadian success story and an increasingly rare example of Canadian innovation, says a report that aims to contribute to a better understanding of the oil industry.
Amazon Blocked Over 10 Billion Listings in 2020 Suspected of Being Fraudulent: Report
Amazon blocked more than 10 billion listings last year suspected of being fraudulent and no single offer was able to get sold on the marketplace.
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