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US restaurants finally get labor relief with more workers seeking jobs

More job seekers are filling out applications to sling Big Macs at McDonald s, and Starbucks baristas are staying in their jobs longer, as a cooling economy sends workers back to low-wage. | May 5, 2023 ....

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How sky-high inflation is evaporating Americans' savings, imposing 'cruelest tax' on the poor

Historical efforts to combat inflation have been accompanied by further anguish. ....

United States , Jerome Powell , Chester Spatt , University Of California , Office Of Economic Analysis , University Of Chicago , Carnegie Melon University , Monmouth University , Federal Reserve , Wells Fargo Senior Economist Sarah , Economic Analysis , Reserve Chair Jerome Powell , Carnegie Melon , Treasury Inflation Protected Securities ,

How sky-high inflation is evaporating Americans' savings, imposing 'cruelest tax' on the poor

Guido Mieth/Getty Images(NEW YORK) The sneaky sting of inflation is catching many Americans by surprise as soaring prices erode their savings and prompt major sticker shock at the supermarket, gas pump and seemingly everywhere they look. Rapidly rising prices have become a major new wellspring of anxiety for American families. Some 3 in 10 Americans said everyday bills (15%) or inflation specifically (14%) was the single biggest concern facing their family right now, according to a Monmouth University poll released last month. This is nearly double the 16% of Americans naming rising prices or household bills as their biggest concern last July, and more than triple the 8% who named household bills as their top concern in August 2020. Government data indicates consumer prices last month jumped at their fastest pace since 1982 the tail-end of an agonizing period in the U.S. economy when out-of-control inflation forced policymakers to orchestrate a steep correction that resulted in a r ....

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US productivity dropped to its lowest level in 40 years

US productivity dropped to its lowest level in 40 years
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America's productivity fell faster than any point since 1981

America's productivity fell faster than any point since 1981
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