Debt ceiling: House passes bill paving way for increase ahead of deadline
The House passed a bill that will allow the Senate to raise the U.S. debt limit with a Democrats’ only majority vote, as the deadline draws near.
California lags behind U.S. getting people back to work
California continues its nagging, lagging tussle with getting the workforce back to work.
November jobs report: US employers added a sluggish 210,000 jobs
U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, as the economy contends with inflation and shortages.
Christmas tree buyers face reduced supplies and higher prices
Record-breaking heat and wildfires in late June took a heavy toll on Christmas tree farms in Oregon and Washington, two of the nation’s largest growers.
Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Strong Cyber Monday sales expected but could fall short of 2020 spending
Consumers are expected to spend between $10.2 billion and $11.3 billion on Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index.
Stocks sink on new COVID variant; Dow loses 1,000 points
A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.
EDD asks some California recipients to prove work history
About one million Californians who got unemployment payments from the pandemic-related federal benefit program now have to prove they had a prior work history or possibly pay back the money.
Unemployment benefits claims hit 52-year low after seasonal adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
Sailors, crewmembers stuck at sea amid backlog at Port of Long Beach, LA
Several sailors and cargo ship crewmembers remain at sea, unable to get off their ships due to a backlog at the ports.
Business startups had record year, Census Bureau to begin keeping official tally
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.
US consumer prices jumped 6.2% in past year, highest inflation rate since 1990
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Unemployment claims drop to 267,000, a new pandemic low
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
Big rent hikes on tap across Southern California, USC report suggests
Rents will increase by $252 over the current level in Los Angeles County, $410 in Orange County, according to the report.