Latest Headlines in Economy
Mass. is reinstating the job-search requirement for unemployment benefits. Here’s what you need to know
Before the pandemic, people collecting unemployment benefits always had to prove that they were looking for work.
US jobless claims drop to 444,000, a new pandemic low, as layoffs slow
The number of Americans filing new claims for unemployment benefits fell last week to 444,000, the Labor Department reported Thursday.
Retail sales were flat in April as stimulus spending wanes
Friday's report comes amid other signs the economy is improving as vaccinations accelerate and business restrictions are relaxed.
US jobless claims drop to another record low since the start of the pandemic
The number of weekly jobless claims — a rough measure of the pace of layoffs — has fallen significantly from a peak of 900,000 in January. Instead of cutting jobs, many employers are struggling to attract enough applicants for open positions.
Larry Edelman
Have no fear: This inflation is temporary
The government released its latest report on inflation, and there were certainly some eye-popping price spikes. But the Fed isn’t about to cut off the flow of cheap money that’s buoyed financial markets since the Great Recession.
Consumer prices in US increase by most since 2009
US consumer prices climbed in April by the most since 2009, signaling a build-up in inflationary pressures as burgeoning demand gives companies latitude to pass on higher costs.
larry edelman
The jobs report is too bad to be true: The economy will be fine
The current economic boom — powered by vaccinations, the easing of COVID restrictions, and massive federal stimulus spending — hasn’t run out of gas. Not even close.
Stocks rally to records after grim jobs data undercuts rates
Stocks are rallying toward records on Wall Street Friday despite a grim report that showed hiring fell off sharply across the country last month.