Inflation is in focus with this week's round of economic data. China's factory-gate prices are expected to surge in April. Economists polled by The Wall Street Journal are forecasting a rise in the producer-price index of 6.5% from a year earlier, in part because of a low base for comparison-- prices sank in April 2020 amid the coronavirus pandemic-- but also due to rapidly climbing costs for metals, oil and other materials.
Policy makers on Sunday debated the root cause of a growing shortage of workers that threatens to restrain the pace of economic growth while the U.S. emerges from the Covid-19 pandemic. Many Republicans say enhanced and extended unemployment benefits are discouraging Americans from seeking work, especially in low-wage jobs where the aid often pays more than they earned at previous jobs. The Biden administration and Democrats say other factors, including lack of access to...
By Justin Baer| Photographs by Clark Hodgin for The Wall Street Journal. GREENVILLE, S.C.-- The pandemic is accelerating growth in midsize cities, positioning them to lead the charge in the nation's economic rebound. Even before Covid-19, these rising stars-- such as Greenville, Des Moines, Iowa, and Provo, Utah-- had been quietly building out vibrant economies in the shadow of bigger metropolises.
WASHINGTON-- President Biden faces a crucial test this week of whether he can find any common ground with Republicans as he pushes trillions in spending on infrastructure, child care and education. The president is hosting top lawmakers at the White House to chart a path forward amid mounting GOP opposition to his agenda and calls from some Democrats to move his proposals through Congress without Republican support. The president has called for more than $4 trillion in spending...
Prices are rising as high demand runs up against constraints on the availability of goods and services across the U.S. economy. Price tags on consumer goods from processed meat to dishwashing products have risen by double-digit percentages from a year ago, according to NielsenIQ. Whirlpool Corp. (WHR) freezers and dishwashers and Scotts Miracle-Gro Co. (SMG) lawn and garden products are also getting costlier, the companies say.
The housing market is as hot as ever. The mortgage market, though, is losing steam. Homes are selling at a blistering pace unseen since before the financial crisis, pushing up home values in nearly every U.S.
A lackluster jobs report Friday added fuel to efforts in Florida and elsewhere to reduce access to unemployment benefits that some state and industry leaders say have kept people from returning to the workforce. The country is in a striking predicament, with millions unemployed and businesses that can't find enough people to hire at current wages. The mismatch has prompted several states, including Florida, Montana and North Carolina, to tighten reporting requirements to...
By Sarah Chaney Cambon and Gwynn Guilford. Hiring in the U.S. unexpectedly slowed in April, a sign the nation's recovery from the pandemic faces temporary setbacks as many businesses struggle to find workers or remain cautious about the economic outlook. U.S. employers added a modest 266,000 jobs in April, a report Friday by the Labor Department showed, far short of the one million that economists had forecast and the weakest monthly gain since January.
The U.S. manufacturing sector shed eight million jobs between 1979 and 2009, going from 19.6 million to 11.5 million, seasonally adjusted. "Trump's Economic Record Is Divided: Before Covid and After" at 10:18 a.m. ET on Oct. 14, 2020, incorrectly said that the decline equaled more than half of the sector's workers. (END) Dow Jones Newswires 05-07-21 1559 ET Copyright (c) 2021 Dow Jones& Company, Inc..
By Sarah Chaney Cambon and Gwynn Guilford. Hiring unexpectedly slowed in April, a sign the recovery faces temporary setbacks as many businesses struggle to find workers or remain cautious about the economic outlook. U.S. employers added a modest 266,000 jobs in April, far short of the one million economists had forecast and the weakest monthly gain since January, Friday's Labor Department report showed.
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