Economic recovery

Jobless claims and retail spending data out Thursday suggest that the economy's laying the groundwork for recovery.

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.

Almost half of small business owners said in a survey they couldn't fill open jobs, so many of them are offering more money.

Uber just had its best month ever. "We're seeing ride demand track closely with vaccination rates," Lyft's president told us.

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.

Employers added 916,000 jobs in March and the unemployment rate fell to 6% as vaccination spreads and the economy reopens.

Federal funds would help businesses who already offer paid leave — and be an incentive for those who don't.

Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.

Bond investors are demanding higher corporate bond yields. That's a good sign about where the economy's headed this year.

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.