Social security annual cost-of-living set to increase in 2022
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.
Debt ceiling: House passes short-term increase, sends to Biden
The House approved a short-term debt ceiling increase so President Joe Biden can sign it into law this week.
Companies hard-pressed for holiday staff despite millions of job openings
Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.
Gas prices on the rise, leaving only 8 states under $3 per gallon
U.S. gas prices across the nation stand at about $3.25 per gallon.
Americans quit jobs at highest rate on record in August, Labor Department says
One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.
Nobel prize for economics awarded to 3 in US for societal research
The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”
Over 130 countries reach agreement on minimum corporate tax rate
More than 130 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax.
September jobs report: US adds weak 194K jobs as delta maintains hold
U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.
Debt ceiling: Deal reached with GOP on short-term fix, Schumer says
A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.
US unemployment claims fall to 326,000, first drop in four weeks
U.S. unemployment claims were down by 38,000 to 326,000 last week, the first drop in four weeks.
Bacon prices hit record high amid supply chain disruptions, increased demand
The cost of bacon was $4.77 in 2011 and has risen nearly 50% this year, according to U.S. Bureau of Labor and Statistics data.
Biden calls GOP’s refusal to raise debt ceiling ‘hypocritical’
President Joe Biden is giving remarks on the debt ceiling, as the U.S. quickly approaches its limit on federal borrowing.
US unemployment claims rise for 3rd straight week amid delta spread
U.S. unemployment claims rose by 11,000 last week to 362,000, the Labor Department said Thursday.
US home prices saw record leap in July from previous year
U.S. home prices soared in July from a year earlier by a record amount as buyers desperate for homes bid up prices amid a limited supply of available properties.
HomeGoods goes digital ahead of holiday season
HomeGoods.com offers free standard shipping on orders of $119 or more and free mailed or in-store returns on most purchases.
Dollar Tree to sell more items above $1 amid rising shipping costs
The company had already begun testing higher prices at several hundred of its nearly 8,000 locations in the Dollar Tree Plus section and received positive feedback from customers.
Some USPS deliveries will soon take longer, cost more
USPS will also institute price increases on some packages during the holiday season.
Recent announcements give hope for economic recovery in Atlantic City
With several announcements this week regarding investment and job opportunities in Atlantic City, there is hope for progress on economic recovery.
US unemployment claims tick up from near a pandemic low
U.S. unemployment claims rose last week for a second straight week to 351,000.
Biden calls on wealthy to ‘pay their fair share’ in speech on economy
President Biden says America's economy is at an inflection point during a speech Thursday afternoon.