Labor Department reports the lowest level since 1969. The Department of Labor reported on Thursday that the number of new applications for unemployment benefits fell by 28,000 last…
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UN Predicts Food Prices Will Continue to Surge
A 22 percent increase highly plausible. In a report released Friday, the United Nations Food and Agriculture Organization warned that global food prices could surge another 22 percent…
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Inflation Reaches 40-Year High
Energy costs among the highest causes. The Labor Department released February’s consumer price index last week, a data set economists use to gauge the rate of inflation. In…
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Russian Invasion of Ukraine Impacts American Economy
White House adviser says the biggest concern is rising gas prices. Cecilia Rouse, the chair of the White House Council of Economic Advisers, stated that Russia’s invasion of…
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State of the Union Address 2022
Watch the live broadcast of the State of the Union Address to Congress by President Joe Biden. Watch the broadcast delivered from the U.S. Capitol Building Madam Speaker,…
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Labor Department Reports Even Higher Inflation Than Predicted
Prices rose by 1 percent in January alone. Data released on Tuesday by the Labor Department showed that, in January, prices rose 1 percent higher than they had…
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Grocery Prices Expected to Rise Again
President Biden is re-tooling his economic to-do list. The Bureau of Labor Statistics report indicates that prices across a range of goods and services rose 7 percent between…
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House Subcommittee Wants Meat Processors to Explain Price Hikes
Members considering federal investigation. Chairman of the House Subcommittee on Economic and Consumer Policy Representative Raja Krishnamoorthi of Illinois published a series of letters on Tuesday addressed to…
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President Marks One Year with Press Conference
He is working to reset his agenda ahead of midterm elections. President Biden held a press conference Wednesday in the East Room of the White House, marking one…
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Inflation Reaches Historic Levels
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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