The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
McDonald’s plans to invest millions more into new and already-existing programs to allow its franchisees to entice new employees and retain current workers.
The highest average for a gallon of regular gasoline is in the San Francisco Bay area at $4.39 while parts of Louisiana have the lowest prices at around $2.65.
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.
President Joe Biden will look to sell voters on the economic benefits of the $973 billion infrastructure package while in Wisconsin on Tuesday.
Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.
Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area at $4.33 per gallon. The lowest average is in Baton Rouge, Louisiana, at $2.63 per gallon.
President Joe Biden and a bipartisan group of senators have “struck a deal” on a $953 billion infrastructure plan.
The New Jersey Economic Development Authority and Stockton University are teaming up to establish an esports Innovation Center at the university's Atlantic City campus.
The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023.
The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.
Kroger, which is already the largest grocery retailer in the United States, is hoping to hire 10,000 more workers with its hybrid hiring event taking place Thursday, June 10.
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.
President Joe Biden said the latest jobs report leaves room for optimism. However, economists were disappointed with the latest numbers.
Critics claim unemployment benefits are keeping people out of the restaurant workforce. But workers and labor organizers say that the reality is more complex, and that food service workers haven't been paid a living wage.
Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on soaring home prices.
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.