Economy

Stocks are dropping on Wall Street early Tuesday amid turmoil in Afghanistan and unease about a weaker economic outlook in China. The S&P 500 lost 0.6% and the Dow Jones Industrial Average fell 0.7%. A report showed Americans cut back... Read More

A year and a half into the COVID-19 pandemic, travel bans meant to stem the crisis are taking a significant toll on global growth and trade, according to a new report from The Conference Board, the nonprofit business and research... Read More

This article is by Sarah DeWeerdt and was originally published by Anthropocene magazine. Meeting the goals of the Paris Agreement will require hundreds of billions or even trillions of dollars of investment in low-carbon technologies. But investment dollars aren’t distributed equally around the... Read More

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China. Everything from consumer products to pharmaceuticals and health and safety equipment experienced delays and shortages as a result of China... Read More

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit... Read More

While the U.S. Bureau of Labor Statistics reported on Monday that job openings increased to their highest ever recorded point at the end of June to 10.1 million available positions, the Department of Labor reported on Friday that some 8.7... Read More

WASHINGTON (AP) — U.S. employers posted a record 10.1 million job openings in June, another sign that the job market and economy are bouncing back briskly from last year's coronavirus shutdowns. Job openings rose from 9.5 million in May, the... Read More

Employers added 943,000 jobs in July and drove the unemployment rate down by 5.4%, with leisure and hospitality, local government, education and business services leading in the hiring, the Labor Department said Friday. In remarks delivered at the White House,... Read More

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession. The Labor Department reported Thursday that... Read More

America’s farmers are feeling the sobering pinch of weakened principal crop prices, but nevertheless remain cautiously optimistic about the financial conditions of their farms, a just- released industry barometer has found. According to the Purdue University/CME Group Ag Economy Barometer... Read More

WASHINGTON -- The success of President Joe Biden's promise to breathe new life into the American working and middle class will hang on the administration's ability to build up the power of workers, according to a group of economic experts.... Read More

WASHINGTON -- The U.S. economy grew at an annualized rate of 6.5% in the second quarter, as vaccinations that released pent up consumer activity finally lifted the nation out of the pandemic-sized crater it had been in for more than... Read More

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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