Fs Productions | Tetra Images | Getty Images Black men lost ground in the labor force last month, marking a continuation of the inequalities that have permeated the U.S. labor market. According to seasonally adjusted data from the Labor Department, black men age 20 or older had an unemployment rate of 5.3% in January, up…
The sweeping tariffs imposed by former President Donald J. Trump on China and other American trading partners were simultaneously a political success and an economic failure, a new study finds. That’s because the levies won over voters to the Republican Party even though they didn’t bring back jobs. The bipartisan working paper examines monthly data…
President Biden, whose approval rating has fallen amid high inflation, is beginning to pressure major grocery chains to lower food prices for American consumers, accusing the stores of raking in excessive profits and ripping off shoppers. “There are still too many companies in America ripping people off: price gouging, junk fees, greed inflation, shrink inflation,”…
A UPS driver makes a delivery in Miami Beach, Florida on January 30, 2024. Joe Raedle | Getty Images Companies announced the highest job cuts since the start of 2023 in January, a potential flashpoint for a job market that will be in focus this year, according to a report from Challenger, Gray & Christmas…
Guests at sidewalk tables at Janis Bar in Cais do Sodre in Lisbon, Portugal. Horacio Villalobos | Corbis news | Getty Images Headline inflation in the euro zone fell slightly in January, flash figures released by the European Union statistics agency on Thursday showed, while core numbers fell less than expected. The overall annual price…
