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New data points to strengthening economic recovery this year

Apr 15, 2021
Jobless claims and retail spending data out Thursday suggest that the economy's laying the groundwork for recovery.
This March, spending at restaurants rose by more than spending at grocery stores, a positive sign for economic recovery.
Octavio Jones/Getty Images

Vaccines won’t be a silver bullet for economic recovery, according to experts

Apr 15, 2021
Experts said COVID-19 will not be eradicated and more than vaccinations are needed for economic recovery during a hearing held by the Joint Economic Committee Wednesday.
"We can't only rely on vaccination,” said Dr. Céline Gounder during a Joint Economic Committee hearing Wednesday.
Scott Olson/Getty Images

Small businesses are having trouble filling job openings, so some wages are rising

Apr 15, 2021
Almost half of small business owners said in a survey they couldn't fill open jobs, so many of them are offering more money.
Many small businesses are realizing they have to compete with the amount of money people are receiving in unemployment benefits if they want to fill empty positions.
Justin Sullivan/Getty Images

Both passengers and drivers are feeling better about ride-sharing

Apr 13, 2021
Uber just had its best month ever. "We're seeing ride demand track closely with vaccination rates," Lyft's president told us.
More and more people getting vaccinated and having places to go, and they need some way to get there.
Timothy A. Clary/AFP via Getty Images

IMF warns global growth will be lopsided

Apr 5, 2021
It may take years for much of the world to match the U.S. and China, where bigger vaccine rollouts have sped up economic recovery.
As some countries recover, interest rates rise, making it harder for the economies of other countries to rebound.
Karen Bleier/AFP via Getty Images

Job creation soars in March

Apr 2, 2021
Employers added 916,000 jobs in March and the unemployment rate fell to 6% as vaccination spreads and the economy reopens.
Jobs at restaurants, hotels and bars are among the more than 900,000 added across many industries.
Jeenah Moon/Getty Images

Why businesses are pushing Congress to expand paid family and medical leave

Mar 24, 2021
Federal funds would help businesses who already offer paid leave — and be an incentive for those who don't.
Paid leave is good for both workers and businesses.
Spencer Platt/Getty Images

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Fed Chair: Rise in inflation not "particularly large" from $1.9 trillion rescue package

Mar 23, 2021
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the House Financial Services Committee Tuesday.
Screengrab via Youtube

Corporate bond yields have been rising, too

Mar 23, 2021
Bond investors are demanding higher corporate bond yields. That's a good sign about where the economy's headed this year.
Bond investors expect inflation to pick up this year, though Fed Chair Powell doesn't expect it to have a lasting impact on overall inflation.
Mandel Ngan/AFP via Getty Images

What's "full employment" for Yellen, Powell & Co.?

Mar 15, 2021
Treasury chief Yellen said the relief package may help the economy return to full employment in 2022. Officials are also concerned with other measures of financial hardship and inequality.
Unemployment is still high, but job creation is rebounding. Officials are also concerned about Americans' financial condition across race, gender and geography.
Justin Sullivan/Getty Images