The hiring pace slowed for the fourth month in a row. The U.S. Department of Labor announced Tuesday that job openings rose in July as employers become less…
Read MoreEmployment
World Economists Expect Economic Volatility to Persist
Members of the Federal Reserve participate in an annual economic symposium. Economic leaders from around the world, including members of the U.S. Federal Reserve, participated in an annual…
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Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
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Administration Forecasts $1.7 Trillion Deficit Reduction
The amount is lower than what they estimated in March. The Office of Management and Budget said the federal deficit will decline by $1.7 trillion this year, representing…
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U.S. Experiences Decline in Worker Productivity
The annual rate shows the largest drop on record. The Labor Department reported Tuesday that U.S. worker productivity fell sharply in the second quarter. On an annualized basis,…
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Unemployment Claims Increase as Layoffs Rise
The number has reached the highest since November of last year. On Thursday, the Labor Department released its weekly report on the job market. For the week ending…
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Interior Seeks Input on New Offshore Wind Locations
The department has identified two potential lease areas in Gulf of Mexico. Last week, the Bureau of Ocean Energy Management opened up two potential offshore wind lease areas…
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Senators Write Secretary Buttigieg about Airline Issues
They suggest better utilization of “existing licensing and rulemaking.” This past week, Senators Elizabeth Warren of Massachusetts and Alex Padilla of California wrote a letter to Transportation Secretary…
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CHIPS Act Passed by House of Representatives
The measure now awaits the president’s signature. On Thursday, the House of Representatives passed legislation to support the production of semiconductors, increase employment in that industry, and technologically…
Read MoreAdministration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
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