Last week, California Gov. Gavin Newsom announced his allotment of five of nine representatives to the nation’s first-ever Task Force to Study and Develop Reparation Proposals for African Americans. The state task force is being assembled to meet the mandate of the Assembly Bill (AB) 3121, a landmark legislation Gov. Newsom signed into law last September 2020 that aims to promote racial justice and equity.
Workers, raw materials in short supply as hiring falls
12 May 2021, 13:13 GMT+10
WASHINGTON D.C.: U.S. job growth fell in April, likely hit by raw material and worker shortages, amid an economic boom aided by improving public health and massive government aid.
The Labor Department s employment report on Friday indicated a drop in temporary help jobs, as well as those in manufacturing, retail and courier service employment, sparking a heated debate about the generosity of unemployment benefits, which pay more than most minimum wage jobs.
The White House dismissed complaints from the U.S. Chamber of Commerce about the unemployment checks causing worker shortages.
Hiring disappoints officials as business unable to find workers
Robert Besser
12 May 2021, 13:13 GMT+10
U.S. job growth fell in April, likely hit by raw material and worker shortages, amid an economic boom aided by improving public health and massive government aid
The Labor Department s employment report on Friday indicated a drop in temporary help jobs, as well as those in manufacturing, retail and courier service employment,
The White House dismissed complaints from the U.S. Chamber of Commerce about the unemployment checks causing worker shortages
WASHINGTON D.C.: U.S. job growth fell in April, likely hit by raw material and worker shortages, amid an economic boom aided by improving public health and massive government aid.
U.S. consumer prices post largest gain in nearly 12 years in April
05/12/2021 | 10:52am EDT
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WASHINGTON (Reuters) - U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, which could add fuel to financial market fears of a lengthy period of higher inflation.
The report from the Labor Department on Wednesday also showed a strong building up of underlying price pressures, extending a selloff on Wall Street. Most economists were, however, unwavering in their belief that the surge in prices would be temporary, with bottlenecks in the supply chain expected to ease. Federal Reserve Chair Jerome Powell shares similar views.
The consumer price index jumped 0.8% last month, the largest gain since June 2009. The CPI rose 0.6% in March. A record 10.0% surge in prices of used cars and trucks accounted for over a third of the increase in the CPI last month.