Latest Headlines in Economy
PepsiCo reports fastest sales growth in a decade as eateries reopen
The results show how far PepsiCo is down the road to recovery, with North American businesses bouncing back and millions of consumers venturing out again.
US weekly jobless claims tick up to 373,000 from a pandemic low
Thursday’s report from the Labor Department showed that jobless claims increased by 2,000 from the previous week to 373,000.
US adds a solid 850,000 jobs as economy extends its gains
Friday’s report from the Labor Department was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession.
US weekly jobless claims post larger-than-expected decline, but increase in Mass.
The rollout of vaccines has sharply reduced new COVID-19 cases, giving consumers the confidence to shop, travel, eat out and attend public events as the economy recovers.
Consumer confidence up in June, highest level since pandemic
US consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businesses.
‘You can’t do anything but keep searching’: Despite hiring push, summer jobs can still feel hard to come by
As Boston’s economy revs up in this post-COVID-19 summer, there’s a disconnect in the labor market that’s baffling economists and workers alike.
Fed expects to raise interest rates twice by late 2023 amid growing inflation
The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.
These companies are raising wages and offering bonuses to attract more workers in Mass.
As businesses look to quickly ramp up their staffs in Massachusetts, some are offering extra incentives to get people on their payrolls.