Page 23 - Ben Ayers News Today

U.S. consumer confidence jumped to a 14-month high in April as increased vaccinations against COVID-19 and additional fiscal stimulus allowed for more services businesses to reopen, boosting demand and hiring by companies.

© Getty Images Prices charged by producers rose 4.2 percent over the past 12 months, the fastest increase since 2011, as the recovery from the coronavirus pandemic drives a surge in demand, according to data released Friday by the Bureau of Labor Statistics. The producer price index (PPI) rose at its fastest annual rate in a decade due largely to the massive and abrupt economic impact of the COVID-19 pandemic. Prices fell sharply about a year ago as the pandemic derailed the global economy bu...

© Getty Images The Institute for Supply Managements Manufacturing PMI, a central measure of the health of the manufacturing industry, rose to 60.8 percent in February, its highest level since the pandemic took hold last year. The index was 2.1 points higher than January, and represents the ninth consecutive month of growth after shrinking in March, April and May. Any reading over 50 percent indicates growth. ADVERTISEMENT “The manufacturing economy continued its recovery in February," said ...

Ohios economy lost 11,500 jobs in December as rising coronavirus cases continue to hurt the state.

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Central Ohios unemployment rate hit a pandemic low in November as employers continue to slowly bring jobs back to the region. But the regions unemployment rate also fell last month for another, more troubling reason — people dropping out of the labor force. The unemployment rate for the Columbus area was 4.9% in November, down from 5.4% in October, according to state unemployment data released Tuesday. The rate was 3.3% in November 2019 and 13.7% in April during a pandemic peak. The region a...

Unemployment rate for central Ohio hits pandemic low of 4.9% in November Mark Williams, The Columbus Dispatch © AP Photo/Mike Groll, File The Ohio Department of Job and Family Services says it has had to recalculate its data when it comes to new unemployment claims. Central Ohios unemployment rate hit a pandemic low in November as employers continue to slowly bring jobs back to the region. Popular Searches But the regions unemployment rate also fell last month for another, mo...

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Article content WASHINGTON — U.S. retail sales fell more than expected in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of a slowdown in the economy’s recovery from the pandemic recession. The second straight monthly decline in retail sales reported by the Commerce Department on Wednesday could nudge Congress to agree on another fiscal stimulus package. Still, economists say more money from the government and the rol...

Article content WASHINGTON — U.S. retail sales fell more than expected in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of a slowdown in the economy’s recovery from the pandemic recession. The second straight monthly decline in retail sales reported by the Commerce Department on Wednesday could nudge Congress to agree on another fiscal stimulus package. Still, economists say more money from the government and the rol...