Unemployment benefits claims hit 52-year low after seasonal adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
US hospitals ask for donations of gently used crutches, canes, walkers amid shortage
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Business startups had record year, Census Bureau to begin keeping official tally
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.
US consumer prices jumped 6.2% in past year, highest inflation rate since 1990
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Unemployment claims drop to 267,000, a new pandemic low
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike
The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.
CBiz jobs report: Small business job growth in October
The CBIZ Small Business Employment Index saw growth in October job numbers.
What's in the infrastructure bill? Biden's signature measure explained
The House passed the bipartisan plan Friday night and Biden said Saturday he will hold a signing ceremony when lawmakers return from a week’s recess. Here's a look at what's in the bill.
Infrastructure bill: Which Democrats, Republicans voted for Biden's signature measure
Joe Biden’s infrastructure bill passed Friday with the support of most Democrats and 13 Republicans who crossed party lines.
October jobs report: US hiring rebounds with 531,000 jobs added
The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.
US unemployment claims drop to 269,000, another pandemic low
U.S. unemployment claims fell to a fresh pandemic low last week to 269,000.
Fed dialing back COVID-19 economic aid amid high inflation
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.
US unemployment claims drop to pandemic low of 281,000
U.S. unemployment claims dropped by 10,000 to 281,000, the lowest since mid-March 2020.
Thanksgiving dinner may be more expensive as holiday staples in short supply
While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.