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“#Key inflation indicator rises to highest level since 1992” A key inflation indicator rose 3.1 percent in April from a year ago as costs continued to grow in the US economy just as it’s mounting a comeback from the pandemic, the feds said Friday. It is the most since July 1992 that the core personal…
“#US workers file 444,000 new jobless claims as states slash extra benefits” The number of Americans seeking new unemployment benefits continued to drop last week, the feds said Thursday, as a slew of states move to slash the pandemic-boosted payments. Initial worker filings for jobless claims, seen as a signal of layoffs, reached 444,000 last…
“#Unemployment checks are shrinking fast in nearly half of US states” Police phony jobless claims? You must be joking, Mr. President! Fed up with generous US unemployment perks that critics say are impossible to effectively oversee for abuses, a fast-growing number of states are turning them down altogether. Some 21 Republican governors are now looking…
“#Letters to the Editor — May 16, 2021” End tribalism Thank you to Ayaan Hirsi Ali (“The tyranny of tribalism,” May 12) for an amazing article about what is happening in America today. It’s a unique look at the old “divide and conquer” issues that have plagued Ali’s native country of Somalia, and are now…
“#Beware Joe’s inflation tax and other commentary” Economy watch: Beware Joe’s Inflation Tax “The invisible tax of rising inflation will do far more to harm working and middle-class Americans” than President Biden’s proposed tax hikes, fears Kristin Tate at The Hill. “Inflation has reached its highest point in years, and will likely reach the highest…
“#Retail spending unchanged in April even as more businesses reopened” American shopping habits remained virtually unchanged last month, even as the pandemic eased and more businesses reopened, the feds said Friday. Retail sales, which include purchases at stores, restaurants and online, remained flat in April compared with the prior month, according to data released by…
“#From inflation to jobs to the border, Biden is flailing — when will the media notice?” If the media could take a break from obsessing over the House Republicans choosing a new conference chair, they might have noticed that Joe Biden’s presidency is falling apart. On every major front, Biden is flailing — even by…
“#Worker shortage threatening to derail US economic recovery: experts” Small and big businesses alike are struggling to hire workers nationwide — and experts say the problem is putting a damper on the US economy’s recovery. Starting next week, workers at more than 600 Sheetz convenience stores stretching from Pennsylvania to North Carolina will be earning…
“#US job openings soar as companies struggle to hire workers” US job openings soared to a record 8.1 million in March while companies struggled to recruit new workers as the economy continued to heat up, the feds said Tuesday. Total openings rose almost 600,000 compared to February, according to the Labor Department’s Job Openings and…
“#No reason for more federal spending after dismal jobs report” There is no reason for any more government spending after the U.S. economy added just 266,000 jobs in April, former top Trump economic adviser Larry Kudlow warned Friday. “There is no crisis. There is no health care crisis. Thanks to Trump, there is no COVID…