This week’s consumer price index (CPI) release confirmed that U.S. inflation has continued to surge to its highest annual rate in over 40 years. The latest data has piled pressure on the Federal Reserve to rein in the economy to bring inflation under control. CPI rose 0.6 percent over January and has increased by 7.5…
All Eyes Turn to Federal Reserve After Inflation Hits 40-year High
The Economic Data Is Contradictory
Commentary A few months ago, all economic indicators seemed to line up well. They painted a positive picture. Despite Omicron and supply chain problems, it was clear that the economy was rebounding strongly from pandemic-induced strictures. Consumers were buying, and businesses were ordering new equipment and systems. Families were purchasing new homes and builders were…
Japan’s December Jobless Rate Falls as Monthly Employment Gain Hits Near 36-year High
TOKYO—Japan’s jobless rate fell to 2.7 percent in December as employment posted the biggest monthly gain in nearly 36 years, government data showed on Tuesday. The seasonally adjusted unemployment rate in December was lower than the 2.8 percent in the previous month, which was also the median forecast in a Reuters poll of economists. The…
Fed Chief Says Omicron Poses Risk to Employment, Inflation, Supply Chains
U.S. Federal Reserve chair Jerome Powell says the emergence of a new CCP (Chinese Communist Party) virus variant poses a risk to employment and inflation in the country. Powell is set to deliver public remarks—his first on the new variant—before the Committee on Banking, Housing, and Urban Affairs and Senate lawmakers on Tuesday. The new variant of the novel…
The Great Resignation: The Underlying Reason of People Quitting in Droves | DeLinda Forsythe
In the month of August, there was a shocking amount of over 400,000 people who quit their jobs in California—the highest amount we’ve seen in the past 20 years. What’s the cause of this mass exodus in the workforce? My guest is DeLinda Forsythe, author of the book “Inspiring Generational Leadership” and founder of Innovative Commercial Environments. She talks about the reason behind the great resignation and…
Disneyland Rapidly Hiring as Holiday Season Begins
November 13, 2021
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As the holiday season kicked off on Nov. 12, Disneyland Resort in Anaheim has been rapidly rehiring employees after thousands of workers had been laid off after the pandemic struck last year. Over the months since its grand reopening in April, the resort has been hiring hundreds each week, with a focus on rehiring previously…
Video Games Might Be Increasing Unemployment: Study
Ziggy “VjpPro” Nguyen did not stay unemployed because he could not get a job but because he had something more enjoyable to do. Almost every day from August 2019 to January 2020, he woke up at 7 a.m., played video games, ate pizza, played video games, ate pizza, played video games, and slept at 12 a.m….
Wage Growth for Job Switchers Increases 6.6 Percent in a Year, Outpacing Jobholders: Report
Third-quarter wage growth in the United States increased 3.3 percent, in line with growth in the months before the COVID-19 pandemic, while wage growth for job switchers increased 6.6 percent since September 2020 as employers sought to attract new workers with competitive compensation, according to the ADP Research Institute Workforce Vitality Report (WVR) released Oct. 27. Employment…
Wages for Job Switchers Increase 6.6 Percent, Outpacing US Pay Growth: Report
Third-quarter wages in the United States increased 3.3 percent, in line with growth in the months before the COVID-19 pandemic, while job switchers’ pay is up 6.6 percent since September 2020, as employers sought to attract new workers with competitive compensation, according to the ADP Research Institute Workforce Vitality Report (WVR) released Oct. 27. Employment growth also…
Fed’s Powell: Could Reach Maximum Employment by Mid-2022
Federal Reserve Chair Jerome Powell on Wednesday said it is possible the U.S. job market may have improved enough by the middle of next year to be considered at “maximum employment,” a key hurdle to clear for the central bank to consider increasing interest rates. Powell, speaking at a press conference after the Fed’s latest…
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