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U.S. labor market tightens as weekly jobless claims hit lowest level since 1969

The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation. The strength in the job market reported by the Labor Department on Thursday may push the Federal Reserve to ...
New York United States West Chester Paul Simao Chizu Nomiyama Conrad Dequadros

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An oil shock is coming, but the U.S. may have already paid for it | Hellenic Shipping News Worldwide

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russiaโ€™s invasion of Ukraine. As analysts have begun parsing what sky-high oil prices and new uncertainty might mean, a common theme has ...
New York United States Paul Simao Dan Burns Daniel Silver Howard Schneider

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