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Author: Paul Davidson, USA TODAY

Money

Economy adds 431,000 jobs in March as COVID fades but inflation soars; unemployment rate falls to 3.6%

April 1, 2022April 1, 2022Paul Davidson, USA TODAYComments Off on Economy adds 431,000 jobs in March as COVID fades but inflation soars; unemployment rate falls to 3.6%

Employers added 431,000 jobs in March as COVID-19 eased, inflation spiked and market volatility continued. The unemployment rate fell to 3.6%.

Money

‘I let money get in the way’: Most recent job quitters have regrets or don’t plan to stay in new role

March 28, 2022March 30, 2022Paul Davidson, USA TODAYComments Off on ‘I let money get in the way’: Most recent job quitters have regrets or don’t plan to stay in new role

Most workers who quit jobs during the Great Resignation regret leaving or starting a new position, or don’t plan to stay at their new gig.

Money

Supply chain issues are slowing deliveries, but the real problem is all your shopping

March 24, 2022March 24, 2022Paul Davidson, USA TODAYComments Off on Supply chain issues are slowing deliveries, but the real problem is all your shopping

Slow deliveries are caused more by soaring consumer demand amid COVID-19 than a broken supply chain, some experts say.

Money

Powell says Fed is prepared to hike interest rates more aggressively to fight inflation

March 21, 2022March 21, 2022Paul Davidson, USA TODAYComments Off on Powell says Fed is prepared to hike interest rates more aggressively to fight inflation

Powell says Federal Reserve is prepared to raise interest rate more sharply to fight inflation. That could include a half point hike at some meetings.

Money

Fed raises interest rates for first time in 3 years to fight inflation, forecasts six more hikes in 2022

March 16, 2022March 16, 2022Paul Davidson, USA TODAYComments Off on Fed raises interest rates for first time in 3 years to fight inflation, forecasts six more hikes in 2022

The Federal Reserve raised rates to battle inflation that’s at a 40-year high. It forecast six more hikes in 2022.

Money

How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates

March 15, 2022March 17, 2022Paul Davidson, USA TODAYComments Off on How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates

How the Federal Reserve’s first rate hike in more than three years on Wednesday will affect credit card, mortgage, auto loan and savings rates.

Money

‘It’s not fun:’ Soaring gas prices are walloping Americans but hitting lower-income hardest

March 11, 2022March 11, 2022Paul Davidson, USA TODAYComments Off on ‘It’s not fun:’ Soaring gas prices are walloping Americans but hitting lower-income hardest

As gas prices skyrocket, Americans are cutting back and economic growth will slow. Lower-income households are especially hard hit.

Money

Inflation climbed at fastest pace since 1982 as consumer prices rose 7.9%, CPI report shows

March 10, 2022March 10, 2022Paul Davidson, USA TODAYComments Off on Inflation climbed at fastest pace since 1982 as consumer prices rose 7.9%, CPI report shows

The consumer price index rose 7.9% annually in February, a 40-year high, as soaring gasoline prices stoked an already sharp run-up in prices.

Money

Are oil and gas companies price gouging consumers at the pump?

March 7, 2022March 7, 2022Paul Davidson, USA TODAYComments Off on Are oil and gas companies price gouging consumers at the pump?

Analysts say oil and gas companies generally aren’t price-gouging consumers at the pump but sometimes their comments raise concerns

Money

‘Lots of opportunities’: Revived economy drives unemployment for less-educated Americans to record low

March 7, 2022Paul Davidson, USA TODAYComments Off on ‘Lots of opportunities’: Revived economy drives unemployment for less-educated Americans to record low

The unemployment rate for people without a high school diploma fell lowest on record.

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

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