We know the causes: worker and product shortages have resulted in pandemic-era price hikes for such…
Tag: economy
British economy reaches back above pre-COVID level for first time
Before the Omicron variant struck in November, the UK economy had increased faster than projected, returning…
Why no one has a quick fix for inflation — not even Joe Biden or Jerome Powell
But the cause of inflation doesn’t lie with any single government action or lack of action.…
Surging prices: Key inflation measure hits a 39-year high
The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the…
Welcoming immigrants would cool off inflation, US Chamber of Commerce CEO says
“We need more workers. We should welcome people who want to come here, go to school…
America calls out sick
“We’re basically open during the week to prep for the weekend,” said Rachel Wyman, the owner…
Americans are tired of Covid and ready to spend
Consumer spending is expected to remain strong in 2022, despite an obstinate virus, a new variant…
Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy
“Our country’s economy is facing new downward pressures,” Premier Li Keqiang told financial and tax officials…
A record 4.5 million Americans quit their jobs in November
This pushed the quits rate to 3%, matching the high from September. Workers particularly quit their…
Holiday flight cancellations soar with Covid-19 disruptions and bad weather
Data from the website FlightAware shows more than 4,731 flights were canceled globally on Saturday —…
