Adam Orman hoped that a raise in wages would convince restaurant workers to come back. Instead, he says, he’s seeing hiring numbers that are far below what he considered a good period in the industry. Cooper, the owner and general manager of L’Oca d’Oro in Austin, Texas, says that he […]
Author: Brian Evans
5 things to watch in Wednesday’s consumer prices report
Consumer prices may increase as much as 3.7% over a year ago, which is the biggest jump in nearly a decade, sparking stronger debate over whether a growing economy and ample stimulus is igniting inflation. Wednesday’s report from the Bureau of Labor Statistics will show sluggish progress in indexes like […]
Experts weigh-in on looming semiconductor threat to new vehicle market
Before the pandemic wrecked manufacturing channels, automakers were already dealing with a crisis. “Even before the chip thing happened, production was not up to speed with demand,” said Michelle Krebbs, an executive analyst at Autotrader. “The hottest things are pickup trucks and sport utility vehicles. They just have not gotten […]
Energy prices surged in March while inflation fears inch forward
Consumer prices increased in March as gas prices continued to skyrocket. The Consumer Price Index increased 0.6% in March, the Bureau of Labor Statistics said Tuesday. The gasoline index rose 9.1% following a surge in February. The CPI increase in March is the largest jump in nearly nine years. Core […]
Surging Energy Prices Drive Up Core and Consumer Prices for Second Consecutive Month
Consumer prices continued to move upward in February in the latest sign that Americans continue to grapple with surging energy prices. The consumer-price index rose in February to 0.4% from 0.3% in January the U.S. Labor Department said Wednesday. Rising gas prices drove the increase as the gasoline index rose 6.4% […]