Job openings rose to 10.9M in December, close to record level, despite omicron spread. Job quitting eased slightly from record pace.
Author: Paul Davidson, USA TODAY
Economy grew 5.7% last year, its best showing since 1984, as activity revived amid pandemic
The economy expanded 5.7% in 2021, fastest in 37 years, as growth bounced back in Q4. Consumers partly got back to normal activities amid pandemic.
Fed signals it will likely hike interest rate in March to curtail inflation
Federal Reserve signals it will likely lift key short-term rate in March for first time in three years to rein in inflation that’s at a 40-year high.
Fed faces crucial interest rate decisions, and any missteps could tip economy into recession
The Federal Reserve’s newly aggressive stance on inflation raises concerns that it could move too abruptly and tip the economy into another recession.
How can US solve ‘Great Resignation’? Create better jobs, Labor Secretary Marty Walsh says.
Labor Secretary Marty Walsh says he has a remedy for the ‘Great Resignation’ that is upending the U.S. economy: Create better jobs.
Worker shortage should ease in 2022 as COVID wanes. But many people have permanently stopped working, depressing labor force participation
Many Americans are likely to return to the labor force this year as the pandemic eases but others have left for the long term.
Inflation reaches highest level since 1982 as consumer prices jump 7% in 2021
Consumer prices rose 7% in 2021, a new 39-year high, as supply chain bottlenecks led tp product shortages and higher costs.
Couriers top industries bouncing back most from pandemic job losses, travel agencies rank last
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‘Hiring is being held back’: Economy added just 199K jobs in December as worker shortages persisted and omicron began spreading in U.S.
The economy added 199,000 jobs in December as the COVID-19 omicron variant broke out. The unemployment rate fell to 3.9%.
Great Resignation: The number of people quitting jobs hit an all-time high in November as openings stayed near record
The number of people who quit their job hit a record of 4.5M in November as the Great Resignation rolled on. Job openings stayed high at 10.6M.