Sarah Chaney Cambon
Sarah Chaney Cambon
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Economic Growth Is Set to Surge. Hiring Might Not Keep Up.

Economic Growth Is Set to Surge. Hiring Might Not Keep Up.

Skip to Main ContentSkip to SearchByU.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth.Consumer is already starting to take off as the grip of eases and more people get vaccinated and draw on their stimulus checks and savings.But many economists expect economic activity to pick up faster than payrolls, at least initially, for several reasons, causing bottlenecks and wage pressures.This happened last year for many manufacturers that experienced labor shortages as Americans working from home ordered more...

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Sarah Chaney Cambon
Apr 27
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Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out

Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out

Skip to Main ContentSkip to SearchByandRestaurant and hotel . Airplane tickets . Consumers spent more on gyms, salons and spas in recent weeks than they have since the coronavirus pandemic began.The U.S. economic recovery is picking up steam as Americans increase their spending, particularly on in-person services that were battered by the coronavirus pandemic.The rising number of , falling business restrictions, and injections of federal stimulus funds into the economy are fueling the surge, economists say.“I’d rather travel than do almost anything,” said Betsy Cole, 81 years old, who...

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Gwynn Guilford
Mar 19
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U.S. Unemployment Claims Slip but Hold at High Levels

U.S. Unemployment Claims Slip but Hold at High Levels

Skip to Main ContentSkip to SearchByNew applications for unemployment benefits fell sharply last week, suggesting layoffs are easing as the broader economy flashes signs of improvement. Initial claims for jobless benefits, a proxy for layoffs, declined to 709,000 last week from 757,000 a week earlier, the Labor Department said Thursday. While weekly claims have fallen from a peak of near 7 million at the end of March, they remain well above levels of about 200,000 seen before the coronavirus hit this spring. The...To Read the Full StorySponsored Offers

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Sarah Chaney Cambon
Nov 12
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