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Latest Headlines in Economy

Mae Arizabal of Gate Gourmet spoke with a job seeker during a career fair at O’Hare International Airport on May 19 in Chicago, Ill.

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.

A restaurant advertises that they are hiring in Annapolis, Maryland.

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.

Shoppers wearing protective masks carry bags in the Broadway Plaza Shopping Center in Walnut Creek, California.

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.

A restaurant advertises that they are hiring in Annapolis, Maryland, on May 12, 2021.

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
As gas prices continue to rise, people filled up at a station in Brooklyn.

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.

Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco on March 3.

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
A sign advertising job openings at a restaurant in Detroit in May. Hiring in the hospitality and leisure sector was robust in April, but job growth overall was surprisingly weak.

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.

The New York Stock Exchange.

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.