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Latest Headlines in Economy

A Help Wanted sign hangs in the window of a restaurant in the Greenwich Village neighborhood of Manhattan.

US weekly unemployment claims fall to new pandemic low of 290,000

Layoffs levels are increasingly returning to normal, but many other aspects of the job market aren't. Hiring has slowed in the past two months, even as companies and other employers have posted a near-record number of open jobs.

A customer uses a credit card terminal to complete a purchase at a WalMart store in Burbank, Calif.

US retail sales jump as Delta shifts spending back to goods

Higher spending on merchandise is likely to add more pressure to global supply chains, which have struggled to keep up with accelerating demand.

A sticker offering jobs adorns the side of a tea at a Starbucks Thursday.

US initial jobless claims fall to fresh pandemic low

Initial unemployment claims in regular state programs totaled 293,000 in the week ended Oct. 9, a decrease of 36,000 from the prior week, Labor Department data showed Thursday.

Larry Edelman
Container ships were moored off the Los Angeles and Long Beach ports in Long Beach, Calif.

Inflation looks like it’s here to stay for a while

Economic forecasters are now saying that prices will remain elevated much longer than they previously predicted — likely through most of 2022 — rather than retreating by the end of this year as they thought a few months ago.

A Social Security card.

Social Security checks to increase by 5.9 percent, as inflation fuels largest COLA for retirees in nearly 40 years

With the increase, the estimated average Social Security payment for a retired worker will be $1,657 a month next year.

Brown University president Christina H. Paxson will the lead the search for a new Federal Reserve Bank of Boston president.

Boston Fed starts search for new president, vows diverse candidate pool

It’s looking to fill a key opening created by Eric Rosengren’s early retirement.

A help wanted sign posted outside of Dunkin' Donuts in Downtown Crossing.

US employers added only 194,000 jobs in September as Delta kept its grip on the economy

Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.8 percent from 5.2 percent in August.

A "Now Hiring" sign stands outside a restaurant in Virginia on August 12.

US weekly jobless claims dropped to 326,000 last week

The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year’s coronavirus recession.