Government, Business

US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High

WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.

Christopher Rugaber | Associated Press
March 10, 2022
Government, Business

US Added Robust 678,000 Jobs in February

WASHINGTON — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.

Christopher Rugaber | Associated Press
March 4, 2022
Government, Business

Key Inflation Gauge Hit 6.1% in January

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.

Christopher Rugaber | Associated Press
February 25, 2022
Government, Business, Safety, Logistics

Inflation, Tangled Supply Lines Are Gripping Economy

WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel.

Christopher Rugaber | Associated Press
February 11, 2022
Business

Employers Add 467,000 Jobs in January

WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.

Christopher Rugaber | Associated Press
February 4, 2022
Government, Business

Fed to Accelerate Withdrawal of Economic Aid as Prices Surge

WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.

Christopher Rugaber | Associated Press
December 14, 2021
Government, Business

Businesses Advertise Near-Record 11 Million Open Jobs

U.S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand.

Christopher Rugaber | Associated Press
December 8, 2021
Government, Business

Employers Added a Sluggish 210,000 Jobs in November

WASHINGTON — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.

Christopher Rugaber | Associated Press
December 3, 2021
Government, Business

Hiring Rebounded in October, With 531,000 Jobs Added

WASHINGTON — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.

Christopher Rugaber | Associated Press
November 5, 2021
Government, Business

Wages Jump by the Most on Records Dating Back 20 Years

WASHINGTON — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

Christopher Rugaber | Associated Press
October 29, 2021