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This is a strange moment for the U.S. economy. Unemployment is still high, but companies are complaining they can’t find enough workers. Prices are shooting up for some goods and services, but not for others. Supply-chain bottlenecks are making it hard for homebuilders, automakers and other manufacturers to get the materials they need to ramp up production. A variety of indicators that normally move more or less together are right now telling vastly different stories about the state of the economy. Most forecasters, including policymakers at the Federal Reserve, expect the confusion to be s...

How big is the threat of inflation in the post-pandemic era? PolitiFact explains Economists say that most of the current rise in consumer prices stems from supply chains having to adjust quickly to greater economic activity after the pandemic.   Published 1 hour ago Inflation — a phenomenon that most Americans haven’t had to think about much for a decade or two — has reemerged as a concern as the economy recovers from the coronavirus pandemic. On May 12, the government announced that the consumer price index was 4.2 percent higher in April 2021 than a year earlier, the faste...

Is it over yet? Still no recession end date as U.S. economy hums along The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic. Over 900,000 jobs were added in March and a Reuters poll of economists expects just under one million more for April, although some forecasters expect double that gain. Is the United States still in recession? Common sense and a lot of data say no, but the Business Cycle Dating Committee, a panel organized by the Nation...

Is it over yet? Still no recession end date as U.S. economy hums along Reuters 4 hrs ago By Howard Schneider © Reuters/Bryan Woolston FILE PHOTO: People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort By Howard Schneider WASHINGTON (Reuters) - The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic. Over 900,000 jobs were added in March and a Reuters poll of eco...

The U.S. labor market, however, still has a ways to go. The headline jobs gap is large, but the shortfall is also concentrated in the leisure and hospitality industries that may be the slowest to recover given restrictions on some activities like sports events, and the reluctance of some people to mingle too closely.