Tag: N/A

‘It’s not looking good’: Paid leave may be on chopping block in Democrats’ social-spending bill

Paid leave, a major part of Democrats’ wide-ranging social-spending bill, may be left on the cutting-room floor as the party’s moderates and progressives try to hammer out an agreement this week. President Joe Biden last week said the proposed program had been cut to four weeks in negotiations, from Democrats’ original idea of giving all […]

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The ECB’s big meeting is in December — here’s what analysts expect at this week’s gathering

Like most central banks, hotter inflation than expected is the topic du jour at the European Central Bank. President Christine Lagarde and most of the rest of the ECB are still in the inflation is transitory camp, at least for now. Of course, inflation isn’t quite as red hot in the eurozone as it is […]

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Yellen predicts inflation will return to normal in second half of 2022

Treasury Secretary Janet Yellen said Sunday that she doesn’t expect inflation to return to a normal rate until at least the middle of next year — but that doesn’t mean the U.S. is losing control of inflation. Speaking on CNN’s “State of the Union,” Yellen predicted the spike in inflation will be temporary. “ “Americans haven’t […]

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The simple way to ease the labor shortage is to raise limits on legal immigration

The United States is facing a historic labor shortage. Throughout the summer, more than 10 million jobs were unfilled—the most ever and well over double the historical average. The shortage is causing businesses to reduce hours, close, raise prices and reduce services. Americans are losing out, but there is a straightforward solution: legal immigrants.   At […]

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Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortage

The numbers: Just 293,000 people who recently lost their jobs applied for unemployment benefits in mid-October, pushing new U.S. jobless claims to a pandemic low amid a frantic effort by companies to hire more workers. New jobless claims sank by 36,000 in the seven days ended Oct. 9 from a revised 329,000 in the prior […]

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