The Federal Reserve could hint at rate hikes as it’s set to cut its bond buying stimulus in a milestone for the recovery from the COVID-19 recession.
Author: Paul Davidson, USA TODAY
Great Resignation sets off ‘vicious cycle’: As more people quit, exhausted colleagues also head for the exit
The record job quitting in the U.S. is burdening remaining employees with more work and prompting many of them to quit too
Economy grew just 2% last quarter as COVID-19 raged, supply snags slowed deliveries
Gross domestic product grew 2% in third quarter as COVID-19’s delta variant and supply-chain bottlenecks curtailed consumer and business spending.
New index aims to measure US economic recovery by tracking how empty parking lots are
An index of parking revenue provides a gauge of the economy’s recovery from the COVID-19 recession. It can also tell time and duration of activities.
Eighty-five percent of businesses temporarily closed during pandemic have reopened in milestone for recovery, Yelp says
Most businesses temporarily closed in pandemic have reopened, Yelp says. And 439,000 new businesses have opened in 2021, topping the 2019 total.
The Great Resignation led to 4.3 million Americans quitting in August. This trend is here to stay.
The record 4.3 million resignations in August reflects a long-term shift in the labor market as workers seek more work-life balance and safety.
Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes
Social Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That’s the most since 1982.
Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer
Americans are shopping less frequently and spending more per trip during COVID, a trend that could continue to some extent, hurting impulse purchases.
Economy adds disappointing 194,000 jobs in September as schools reopen but COVID spikes linger
The jobs report number fell short of forecasts as COVID-19 spiked. Economists surveyed by Bloomberg had estimated gains of 488,000.
Fed signals it may reduce bond-buying stimulus by year-end, forecasts first rate hike next year amid higher inflation, slower growth
Fed signals It could begin to reduce its bond-buying stimulus later this year, moves up forecast for first rate hike to 2022