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Despite Wage Increases, Restaurants Struggle to Bring Back Workers
When longtime server Lori Fox lost their job early in the pandemic, they assumed they were stepping away from the restaurant industry for a short time. Instead, they never went back, shifting to a career as a freelance writer, editor and journalist. “I didn’t want to go back into it […]
Could local debt weigh down China’s economy?
In January 2019, Xie Junchi eagerly signed a contract to provide 20,000 tons of steel to the Zunyi Road and Bridge Engineering Construction Group every month, a company controlled by the local government of Guizhou, for public road construction. Four years later Mr. Xie has received only $30,000 of the $550,000 […]
Native American Veterans Offered Extremely Low Mortgage Rate But Can The VA Effectively Deliver?
After her enlistment with the U.S. Navy ended in 2013, Bonnie Faye returned home to the Crow Creek Sioux Reservation in South Dakota, where she met her fiancé, Juan Arevalo, himself an Army Vet. Together, they have spent the last two years working full-time, saving up to buy their first […]
The Higher Costs of Deploying Broadband
When rural electric cooperatives began considering deploying broadband internet, thanks to a flush of billions of dollars in federal funding to close the digital divide, they had one goal in mind — ensuring their members had reliable access to high-speed internet. What they probably weren’t expecting, however, was the one-two […]
Semiconductor Manufacturers are Coming Back to the US. Finding Workers Is a Different Story.
Ashwin Chandwani was crestfallen when he lost the chance to work for Tesla. The electrical engineering student had reached the final stage of interviews when the electric car giant paused its hiring plans. “At the time I was heartbroken,” the 27-year-old said. Chandwani started contacting recruiters, worried that he might […]
Jobs Growth Continues to Defy Expectations
Jobs growth exceeded expectations last month, and unemployment fell to the lowest level in decades. But that surprise performance may mean higher interest rates as the Federal Reserve continues in its efforts to limit price rises. The economy added 253,000 jobs in April, beating both expert predictions and the figures […]
Five Things to Watch for in April’s Retail Sales Report
On Tuesday morning, the U.S Census Bureau will release the latest retail sales report, which chronicles the amount consumers spent on goods and services the previous month. Here are five things to watch for in April’s report: Following a January high, retail sales fell by a revised .5% in February […]
Five Things to Watch Out for in April’s CPI Report
The Bureau of Labor Statistics’ latest Consumer Price Index (CPI) report, one measure of inflation, will be released Wednesday morning. Economists’ averaged forecast for April’s headline CPI is expected to rise 0.41%, according to Bloomberg, while the headline CPI for the year ending in April is predicted to rise 4.99%. […]
Five Things to Watch in the March Durable Goods Report
On Wednesday, the Census Bureau will release the advance report on durable goods, showing the level of manufacturing orders and shipments for March. Most economists expect to see a small increase in total new orders, with a survey by Bloomberg indicating an average forecast of +0.7%. Here are five things […]