Labor Department

Stubbornly High Rents, Food Prices Boost U.S. Inflation in August

U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.

Shift in Hiring Patterns Points to Looming Recession for Biden Economy

Despite a July Commerce Department report showing a second consecutive quarter of negative GDP growth — the classic definition of a recession — Biden...

Americans Fleeing to Mexico to Avoid Biden Economy

5.3 million American tourists entered Mexico between January and May 2022.

Pete Buttigieg Boasts that High Gas Prices Are Forcing Americans Towards Electric Vehicles

President Joe Biden’s Transportation Secretary, Pete Buttigieg, boasted about how high gas prices are forcing Americans towards electric vehicles during an interview on Thursday on REAL 92.3’s Big Boy TV.

Jobs Data Show Two Post-COVID Americas

The Labor Department announced on Friday that the economy had recovered another 372,000 net jobs in June from the many jobs lost during COVID.

Apple Employees at Maryland Store Vote to Unionize

The move creates the first union of Apple retail employees in the U.S.

Target Battles Plummeting Profits and Ballooning Inventory by Offering Rare Discounts on Clearance Merchandise

Target has started offering discounts to clear out excess items from its inventory.

U.S. Sending Ukraine Another $1.2 Billion Amid Domestic Economic Downturn

Joe Biden says he "informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine."

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