Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
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President Meets With Business Leaders
Companies with over 100 employees are subject to mandatory vaccination or weekly testing. On Wednesday, President Biden met with executives of several large corporations regarding COVID-19 vaccine requirements…
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House Committee to Debate $3.5 Trillion Budget
Work sessions are scheduled for Thursday and Friday. Representative Richard Neal of Massachusetts, Chairman of the House Ways and Means Committee, said they will attempt to advance the…
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Federal Unemployment Benefits Expire
Some states use federal Rescue Plan funds to keep benefits going. Without any objections from President Biden and his top economic advisers, the end of federal unemployment benefits…
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Labor Department Releases Jobs Report
Hiring for the past month does not meet expectations. The Department of Labor released its monthly jobs report on Friday, detailing the state of the U.S. job market.…
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Social Security Reserves Estimated Depleted by 2033
Coronavirus pandemic accelerated depletion by one year. The Social Security trust fund for retirement and survivors benefits is estimated to have its reserves depleted in 2033, which is…
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White House Increases Inflation Projections
Supply-chain disruptions put pressure on prices. The White House Office of Management and Budget more than doubled its forecast for annual inflation in new projections. They said it…
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New Unemployment Numbers Announced
Labor Department reports fourth-straight week of fewest new claims of the pandemic. On Thursday, the Department of Labor released the latest data on the state of the U.S.…
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Unemployment Benefits Ending for Millions
The weekly federal supplement ends September 7. More than 7 million Americans may lose unemployment assistance right after Labor Day. Those who qualified for pandemic relief programs will…
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U.S. Adds 943,000 Jobs in July
Unemployment drops to 5.4%. The Labor Department released its jobs report for the month of July this past week. The findings showed that the country had a strong…
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