The living s not easy for worker-hungry U S businesses this summertime | 100 7 MIX-FM | Today s Hit Music mymixfm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mymixfm.com Daily Mail and Mail on Sunday newspapers.
Weekly Jobless Claims at 14-month Low; Inflation Heating Up
WASHINGTON The number of Americans filing new claims for unemployment benefits dropped to a 14-month low last week as companies held onto their workers amid a growing labor shortage that helped to curb employment growth in April.
The scramble for workers comes as the reopening economy is experiencing a boom in demand, resulting in widespread shortages of inputs at factories and fanning inflation. Producer prices increased more than expected in April, leading to the biggest annual gain since 2010, other data showed on Thursday.
The worker shortage is despite nearly 10 million Americans being officially unemployed, a disconnect that economists expect will resolve in the coming months as enhanced unemployment benefits expire, allowing some workers to return to the labor market.
ASIA: The Chinese yuan advanced to its strongest level since 2018 as it defied attempts by the central bank to slow its gains amid an improving outlook for
Analysis: Investors seek out back to the future trades to beat inflation as bond yields rise yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Investors seek out back to the future trades to beat inflation as bond yields rise windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.