Highest amount since 1982. The Labor Department released the Consumer Price Index (CPI) for December on Wednesday, reporting a 0.5% increase in pricing overall in the last month.…
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U.S. to Spend $10 Billion to Help Small Businesses
Some funding will target disadvantaged communities. The U.S. through the Treasury Department is planning to hand out $10 billion to help young companies gain access to capital in…
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Labor Department Reports Increase in Jobless Claims
Omicron variant makes only slight impact The Labor Department published its final job report for 2021 on Thursday. Adjusting the data for temporary holiday jobs, unemployment applications rose…
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Administration Announces Economic Grant Finalists
60 coalitions given $500,000 to prepare for final round. White House Senior Advisor Gene Sperling only expected 150 applicants for the Build Back Better grants for pandemic economic…
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Consumer Price Inflation Up by Nearly 7%
Most single-year inflation since 1982. On Friday, the Labor Department released updated numbers for the Consumer Price Index which monitors the prices of goods that the average person…
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Commerce Department Announces Microelectronics Advisory Committee
The committee will bring together industry experts to help form federal policy. On December 1, the Department of Commerce revealed that they were beginning the process of recruiting…
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U.S. Experiences Slowdown in Hiring Rate
Gain was slowest since last December. The U.S. economy added 210,000 jobs in November, indicating a decrease in hiring as the year nears a close. However, the labor…
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New Unemployment Claims Lower than Anticipated
New jobless applications hit 52-year low, after seasonal adjustments. The Department of Labor reported the number of Americans applying for unemployment benefits fell last week to the lowest level since…
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531,000 Jobs Added to U.S. Economy in October
Unemployment decreased by 0.2%. The Department of Labor released its latest statistics about the U.S. job market on Friday, finding that a total of 531,000 new jobs had…
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Fertilizer Shortages May Impact Food Costs
Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
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