Record high job openings and extremely low employment have not stopped workers from losing ground due to inflation running at a 39-year high, data from the Labor Department showed Wednesday.
Bank of America said Tuesday it would eliminate insufficient funds fees and cut overdraft fees from $35 to $10—the latest move from a large bank away from the practice amid years of pressure from critics who say the fees unfairly target vulnerable communities.
Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price inflation.
The upscale grocery chain Whole Foods claims the National Labor Relations Board’s (NLRB) order to allow its employees to wear “Black Lives Matter” masks violates its constitutional rights.
Wage gains weakened in December even as inflation likely accelerated, pushing workers even further behind and making meeting it tougher for millions of American families to meet their household needs.
