Before the pandemic, Miranda Doyle, 34, worked as a project manager at a Pennsylvania- based interior design company. The business shut down temporarily when the state issued a stay-at-home order in March 2020, allowing Doyle to take care of her three children while they attended school remotely. The company resumed […]
Economy
Retirements in public sector may be effecting economy’s strength
Juanita Waters wasn’t ready to quit working. But the United States Postal Inspection Service, where she worked for nearly 25 years, had a mandatory age cap in place. So, in March, she retired from the agency and left for a job in the private sector as an investigator for TD Bank.
Once Overlooked, Felons and the Disabled See Opportunities Amid Labor Shortage
When Angela Huddleston went searching for a new job in July of 2020, she wasn’t sure if her criminal record – two DUIs and one charge for possession of methamphetamine – would serve as an insurmountable barrier towards finding something better. To her own surprise, she was soon offered a […]
Five Things to Watch in the CPI Report for April
The Bureau of Labor Statistics will issue its Consumer Price Index report for April on Wednesday. The measurement, which tracks price movements across a broad range of goods and services, is expected to show the rate of inflation slowed slightly to 8.1% from 8.5%, according to a survey of Bloomberg […]
Consumer Prices Rise Again to 8.5% as Inflation Hits New 40-Year High
U.S. inflation soared to a 40-year high last month as geopolitical tensions drove up energy prices and supply chain hurdles compounded price pressures driven by consumer demand. The Consumer Price Index rose 8.5% in March from a year earlier, overshooting the Dow Jones economists’ prediction that consumer prices would rise […]
Rising Inflation Squeezes Low Income Workers
In early March, Mayte Molina, 34, did a double-take at her higher-than-normal supermarket bill. Quickly adding how it would offset her weekly budget, she put a handful of her usual items back. Since then, Molina’s daily shopping run has turned into every three to four days to stretch out her […]
Plan to rent a car soon? It’s best to start your search early
An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]
More coding academies going remote is part of a changing job training landscape
Sarah Palmer was feeling burnt out and ready to leave her job in the addiction and mental health field in Dayton, Ohio, even before the COVID-19 pandemic began. Then the pandemic added stress to her job, while also showing her that working from home appealed to her. So in February, […]
For Many Americans, Spending is on Their To-Do List
There is one thing on Amber Colon’s mind in the coming days, her birthday trip to Universal and Disney World in Orlando, Fla. Like most Americans, Colon spent her first two stimulus checks on paying off her credit card bills and using it to support herself. However, the 23-year-old is […]
The Jobs Report Will Show the Labor Market in Excellent Direction, But Still at Terrible Levels
The labor market in the U.S. is likely to accelerate on its path to recovery as employers are expected to have added more jobs in March than they did in February. Economists expect the March jobs report to show a boom in employment in a sign of economic rebound, capping […]