Economy

Biden Admin Stepping Up Community Grants from COVID Bill
Economy
Biden Admin Stepping Up Community Grants from COVID Bill

WASHINGTON (AP) — President Joe Biden's administration is beginning to make $3 billion in economic development grants available to communities — a tenfold increase in the program paid for by this year's COVID-19 relief bill. Commerce Secretary Gina Raimondo said... Read More

Arizona Outpaces Nation In Post-COVID Private Sector Job Recovery
Economy
Arizona Outpaces Nation In Post-COVID Private Sector Job Recovery
2021-07-21 19:04:40
by Brock Blasdell

According to a recently released economic report by the Arizona Office of Economic Opportunity, the state of Arizona has outpaced the nation in private sector economic recovery post-COVID. In June alone, Arizona added 26,000 private sector jobs to its economy... Read More

Biden's 3rd Trip to Reddish Ohio Pushes His Economic Agenda
Economy
Biden's 3rd Trip to Reddish Ohio Pushes His Economic Agenda

WASHINGTON (AP) — President Joe Biden just can't quit Ohio — even if it rejected him in last year's election. The Democrat travels to Cincinnati on Wednesday to push his economic policies. It's the third visit of his presidency to... Read More

Congress Searches for Way to Make Supply Chains Resilient
Economy
Congress Searches for Way to Make Supply Chains Resilient
2021-07-15 20:29:05
by Tom Ramstack

WASHINGTON -- The Senate continued its search Thursday for ways to prevent the kind of devastation brought to U.S. supply chains by COVID-19. Industry executives told a Senate panel the pandemic exposed U.S. dependence on foreign suppliers to keep the... Read More

Small Business Advocates Plead for Help Recovering from the Pandemic
Congress
Small Business Advocates Plead for Help Recovering from the Pandemic
2021-07-14 14:31:03
by Tom Ramstack

WASHINGTON -- Members of Congress threw their support Tuesday behind President Joe Biden’s goal of helping small and rural businesses but with different perspectives on how to achieve it. Rep. Jared Golden, D-Maine, suggested that Congress provide a dedicated source... Read More

Explainer: Where are America’s Workers?
Employment
Explainer: Where are America’s Workers?
2021-07-12 16:05:13
by Brock Blasdell

As the American economic engines churn back to life, one major hurdle stands in the way of our market renaissance - labor. Businesses, especially low wage, low skill businesses, are having a difficult time finding people to work for them. ... Read More

Record High Confidence Levels Wane for Agricultural Producers
Agriculture
Record High Confidence Levels Wane for Agricultural Producers
2021-07-07 16:13:34
by Brock Blasdell

An Ag Economy Barometer report published Tuesday found a 21-point decline in the confidence of food producers in the United States for June. This solidifies a second month of waning optimism from record highs set earlier in 2021, and indicates... Read More

As Employers Struggle to Fill Jobs, Teens Come to the Rescue
Employment
As Employers Struggle to Fill Jobs, Teens Come to the Rescue

WASHINGTON (AP) — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude this summer: Thank goodness for teenagers. As the U.S. economy bounds back with unexpected speed... Read More

Movie Theaters Slowly Recovering From Pandemic Closures
Entertainment
Movie Theaters Slowly Recovering From Pandemic Closures
2021-07-06 17:59:25
by Dan McCue

Movie theaters are seeing a slow uptick in their business as summer and reopenings continue, but the box office take for 2021 to date is still 81% below where it was pre-pandemic, according to analysis by Variety magazine. Though the... Read More

Experts Unsure Whether Stimulus Causing Inflation
Economy
Experts Unsure Whether Stimulus Causing Inflation
2021-07-02 18:47:08
by Kate Michael

WASHINGTON — If it seems like prices are going up for things like gas, groceries, vehicles, and houses, they are. The Consumer Price Index has risen by an average of 0.7% per month over the last three months, is now... Read More

US Adds a Solid 850,000 Jobs as Economy Extends Its Gains
Employment
US Adds a Solid 850,000 Jobs as Economy Extends Its Gains

WASHINGTON (AP) — In an encouraging burst of hiring, America's employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to... Read More

US Economy Up 6.4% in Q1 With Stronger Future Gains Expected
Economy
US Economy Up 6.4% in Q1 With Stronger Future Gains Expected

WASHINGTON (AP) — The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades.... Read More

SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program
Business
SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program
2021-06-22 21:27:29
by Kate Michael

WASHINGTON — While much good came from the COVID relief funds doled out by the Small Business Administration as the pandemic ran its course time has shown that certain businesses -- particularly those owned by women and minorities -- went... Read More

Biden Moves to End Long-running Boeing, Airbus Dispute
Business
Biden Moves to End Long-running Boeing, Airbus Dispute
2021-06-15 14:58:38
by Dan McCue

President Joe Biden on Tuesday moved to end a 17-year dispute with the European Union over how big a government subsidy each can provide to its major aircraft manufacturer. That’s Boeing in the case of the U.S.; Airbus in the... Read More

Kansas Receives Gold Shovel Award
Economy
Kansas Receives Gold Shovel Award
2021-06-11 14:28:28
by Brock Blasdell

The state of Kansas has been awarded Area Development Magazine’s prestigious Gold Shovel award in recognition of its successful year attracting high-value business investment. Over $6 billion in new business dollars and more than 26 thousand jobs have been created... Read More

Wedding Boom is On in US as Vendors Scramble to Keep Up
Business
Wedding Boom is On in US as Vendors Scramble to Keep Up

NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era wedding boom that has venues and other vendors in high demand. With restrictions on large gatherings loosening, wedding planners and others who make the... Read More

US Jobs Edging Back to Normalcy as Pandemic Recedes
Employment
US Jobs Edging Back to Normalcy as Pandemic Recedes
2021-06-04 19:40:22
by Victoria Turner

The U.S. employment situation seems to be edging closer to normalcy with the recent Bureau of Labor Statistics report showing a 1.7% decline in teleworking employees. This indicates more people are returning to the office, but it remains uncertain whether... Read More

Guzman Touts SBA's Progress, but More Capital Still Needed
Business
Guzman Touts SBA's Progress, but More Capital Still Needed
2021-06-01 14:26:07
by Victoria Turner

Recently, Rep. Steve Womack, R-Ark., visited family-owned oil and gas company Pruitt when the small business told the congressman that it would not have survived the pandemic had it not been for the Paycheck Protection Program funding it received. “PPP... Read More

US Jobless Claims Fall to 406,000, a New Pandemic Low
Employment
US Jobless Claims Fall to 406,000, a New Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday's report from the... Read More

CEOs Say Regulatory Reform Key to Climate, Infrastructure Plan Success
Regulation
CEOs Say Regulatory Reform Key to Climate, Infrastructure Plan Success
2021-05-19 14:30:02
by TWN Staff

If the White House and Democrats in Congress truly want to achieve President Joe Biden's economic goals, they should not overlook the need to modernize and improve the nation's cumbersome regulatory system, according to a new report from The Business... Read More

Granholm Says Green Jobs a Matter of ‘Economic Patriotism’
Employment
Granholm Says Green Jobs a Matter of ‘Economic Patriotism’
2021-05-17 15:32:16
by Kate Michael

WASHINGTON — The Biden administration’s push to tackle several crises at once has reenergized the push for green jobs or those jobs which contribute to preserving or restoring the environment, including those in traditional sectors, like manufacturing.  His American Jobs... Read More

How Consumers Created A Pop-Up Gas Crisis
Energy
How Consumers Created A Pop-Up Gas Crisis
2021-05-17 15:29:14
by Dan McCue

It was a scene that repeated itself at intersection after intersection in the District and surrounding communities in Virginia and Maryland this past weekend. Desperate-faced drivers, their knuckles taut against their steering wheels, slowly moving past lonely gas pumps and... Read More

Desperate for Workers, US Restaurants and Stores Raise Pay
Employment
Desperate for Workers, US Restaurants and Stores Raise Pay

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's, Sheetz and Chipotle  are just some of the... Read More

COVID-19 Pet Boom Has Veterinarians Backlogged, Burned Out
Mental Health
COVID-19 Pet Boom Has Veterinarians Backlogged, Burned Out

FORT LAUDERDALE, Fla. (AP) — During the gloomiest stretches of the pandemic, Dr. Diona Krahn's veterinary clinic has been a puppy fest, overrun with new four-legged patients.  Typically, she'd get three or four new puppies a week, but between shelter... Read More

How Income Volatility Impacts Health Decisions
Health
How Income Volatility Impacts Health Decisions
2021-05-07 20:02:33
by Alexa Hornbeck

This week the Centers for Disease Control and Prevention National Center for Health Statistics released data that the U.S. birth rate is the lowest it’s been since 1979, and one theory on why this is happening is younger individuals who... Read More

Middle East Needs to Move to 'A New Economic Model,' According to IMF Official
Think Tanks
Middle East Needs to Move to 'A New Economic Model,' According to IMF Official
2021-05-07 19:54:36
by Daniel Mollenkamp

An official from the International Monetary Fund argued this week that the Middle East and Central Asia regions should shift towards a new and inclusive economic model as they emerge from the pandemic, echoing IMF claims that this is the... Read More

US Employment Situation Improves Slowly but Surely
Employment
US Employment Situation Improves Slowly but Surely
2021-05-07 16:10:19
by Victoria Turner

With the US unemployment rate essentially unchanged from March to April from 6.0% to 6.1% respectively, the American state of employment seems to continue on its positive track, according to the Bureau of Labor Statistics latest report.  Employment in nonfarm... Read More

$28.6 Billion Restaurant Revitalization Fund Open for Enrollment
Business
$28.6 Billion Restaurant Revitalization Fund Open for Enrollment
2021-05-03 21:38:37
by Reece Nations

The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by the passage of the American Rescue Plan Act. To receive funding, businesses must submit their application to the SBA on... Read More

Republicans Claim $15 Minimum Wage Would Hurt U.S. Jobs and Businesses
Congress
Republicans Claim $15 Minimum Wage Would Hurt U.S. Jobs and Businesses
2021-05-03 20:47:27
by Tom Ramstack

WASHINGTON -- The Biden administration’s pledge to up the wages and fair labor standards of low-income workers hit a roadblock among Republicans during a congressional hearing Monday. The intentions are good but the economics are bad, according to critics who... Read More

Yellen: Biden's Phased-in Spending Plan Won't Fuel Inflation
Economy
Yellen: Biden's Phased-in Spending Plan Won't Fuel Inflation

WASHINGTON (AP) — President Joe Biden's massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday. New economic reports have portrayed... Read More

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