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Starbucks and Costco both announced this week that they would raise employees' wages. The announcements follow similar recent ones from big companies, including Amazon, and come amid a tight labor.
There's been a record number of new businesses since the onset of the pandemic. According to U.S. Census Bureau data, there were 4.3 million new business applications in 2020 and 3.8 million so far.
Jobless claims fell below 300,000 last week for the first time since the pandemic began. Seasonally adjusted claims came in at 293,000, a decrease of 36,000 from the previous week's level. According.