A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.
The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.
Early in 2020, shocked citizens and social scientists predicted the widespread imposition of extreme “non-pharmaceutical interventions” in response to COVID would prove to have horrible and costly human and economic trade-offs — turns out they were right.
PAYPAL HOLDINGS, Inc, is an indispensable, American, global corporation, without whose services, financially transacting online is difficult. The company is worth $16.929 billion.
America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.
China’s economy grew slightly slower than expected in the second quarter, weighed down by higher raw materials costs and new COVID-19 outbreaks. Expectations build that policymakers may have to do more to support the recovery.
