Latest Headlines in Economy
US weekly unemployment claims fall to 360,000, a new pandemic low
Recovery from the recession is proceeding so quickly that many forecasters have predicted that the economy will expand this year by roughly 7 percent.
Powell says inflation will be ‘elevated’ in coming months
In a written testimony to be delivered Wednesday at noon, Powell reiterated his long-held view that the high inflation readings over the past several months have largely been driven by temporary factors.
PepsiCo reports fastest sales growth in a decade as eateries reopen
The results show how far PepsiCo is down the road to recovery, with North American businesses bouncing back and millions of consumers venturing out again.
US weekly jobless claims tick up to 373,000 from a pandemic low
Thursday’s report from the Labor Department showed that jobless claims increased by 2,000 from the previous week to 373,000.
US adds a solid 850,000 jobs as economy extends its gains
Friday’s report from the Labor Department was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession.
US weekly jobless claims post larger-than-expected decline, but increase in Mass.
The rollout of vaccines has sharply reduced new COVID-19 cases, giving consumers the confidence to shop, travel, eat out and attend public events as the economy recovers.
Consumer confidence up in June, highest level since pandemic
US consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businesses.
‘You can’t do anything but keep searching’: Despite hiring push, summer jobs can still feel hard to come by
As Boston’s economy revs up in this post-COVID-19 summer, there’s a disconnect in the labor market that’s baffling economists and workers alike.