Brazen thieves in San Francisco are undeterred by uniformed security guards, surveillance cameras or customers filming on their cellphones. And corner markets and drug stores are the hardest hit. In one recent incident at a Walgreens, the shoplifter rode in on a bike, packed a trash bag of items, and rode out the front door. All of … Continued
Americans are already contending with the consequences of two major Russian cyberattacks, including gas shortages and price hikes due the Colonial Pipeline hack and potentially rising prices on steak and burgers after the JBS meat processing company was hit. But get ready, because more is on the way. Moscow will likely further escalate its aggression against … Continued
The Consumer Price Index has increased 5% over the last 12 months, the fastest pace of inflation since August 2008, according to a Department of Labor report. The Consumer Price Index (CPI), a common tool used to measure inflation, increased 0.6% between April and May, according to the Labor Department report released Thursday morning. Economists projected … Continued
Taxpayers are coming to Arizona from other states by the tens of thousands and bringing billions of dollars in annual earnings with them. The Internal Revenue Service released its annual migration statistics, a record of address changes by filers and their dependents between tax years. The data released in late May reflects changes from the 2018-2019 tax … Continued
Increased inflation could ultimately be a net positive for the U.S. economy and large government spending won’t overheat the economy, Treasury Secretary Janet Yellen told Bloomberg. Treasury Secretary Janet Yellen, who previously chaired the Federal Reserve, said the central bank has been more concerned about inflation levels that are too low, according to Bloomberg. Increasing consumer … Continued
U.S. employers added 559,000 jobs in May, falling short of economists’s expectations for the second consecutive month, the Labor Department announced Friday. While the figure is lower than the 650,000 jobs added that experts had predicted, the unemployment rate fell to 5.8 percent — its lowest level since the start of the COVID-19 pandemic last year. The … Continued
Hourly compensation soared much more than expected in the first three months of the year, even as millions of Americans remained on unemployment roles or out of the workforce, data from the Bureau of Labor Statistics showed Thursday. Hourly compensation jumped 7.2 percent in the first quarter, according to the BLS’s revised estimate of labor costs and … Continued
While rapidly increasing consumer prices have triggered fears that the U.S. economy may enter into a period of stagflation, it is unlikely to hit 1970s levels, an economic report concluded. The current condition of the U.S. economy has created some fear that prices may precipitously and uncontrollably rise while unemployment stays elevated, according to the report authored … Continued
by Bethany Blankley Republican-led states and Vermont reported the lowest unemployment rates in April, according to a new report by the U.S. Commerce Department. States led by Democratic governors recorded the highest jobless rates, according to the report. Unemployment rates were lower in April in 12 states and the District of Columbia and stable in 38 … Continued
Senate Minority Leader Mitch McConnell (R-Ky.) has been critical of the Biden administration’s spending bills, and Wednesday said American families are reacting to the increase in prices by “tightening their household budgets.” “Ask any working family about gas prices, food prices, home prices, lumber prices, [and] used car prices. One survey just found that more … Continued
As economic figures cast doubt on a post-COVID economic boom, the latest polling data show Americans lack confidence in the economy under President Joe Biden. New polling data released by Gallup Monday shows Americans are not confident in the economy and are largely unhappy with the nation’s current trajectory. The poll found only 36% of Americans are … Continued
Senate Banking Committee Republicans have expanded an investigation into regional Federal Reserve banks over their alleged “woke mission creep.” Republicans on the Senate Banking Committee sent letters to regional Federal Reserve banks in Minneapolis, Boston and Atlanta demanding a briefing with leaders and documents related to a recent “Racism and the Economy” initiative, GOP staffers said during a press briefing … Continued
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