economy

More Supply Chain Disruption and Pandemic Flare-Ups Key Risks to Economy in 2022: Poll

About one-quarter of 171 economists responding to a question about key risks to the global economic recovery said more supply chain disruptions or upticks in COVID-19 infections were the top risks.

The Epoch Times

Are Stocks Your Best Hedge Against Runaway Inflation?

Many of today's investors haven't experienced high inflation firsthand. What's the best strategy for managing your portfolio, given today's inflation rate of 5.4%, the highest in years?

Kate Stalter

Unemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last Year

The claims decreased to 293,000 last week, as compared with 329,000 a week earlier, the agency said. The four-week moving average for unemployment claims fell to 334,250-the lowest since March 2020.

The Epoch Times

What To Expect From The September NFP Report 

There has been a debate raging in both political and business circles that is about to be answered. The question? How are Federal unemployment subsidies enacted in the wake of...

Thomas Hughes

Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High

The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.

The Epoch Times

Weekly Jobless Claims Fall to Fresh Pandemic-Era Low

First-time filings for unemployment insurance, a proxy for layoffs, came in at 340,000 for the week ending Sept. 2. This is the lowest weekly claims figure since March 14, 2020, when 256,000 people filed for unemployment.

5 Myths About Inflation: The Truth Behind Rising Rates

It can be helpful to look at what we know-and don't know-about inflation. Following are common misconceptions surrounding periods of high inflation, along with the truth behind these myths.

The Epoch Times

Retail Sales Fall In July, Driven by Sharp Drop In Auto Buying

Excluding automobiles, gasoline, building materials, and food services, retail sales fell 1.0 percent in July after an upwardly revised 1.4 percent increase in June.

The Epoch Times

Dollar Hits 4-Month High Against Euro as Jobs Data Triggers Fed Tapering Bets

The dollar climbed against major currency pairs on Monday, briefly hitting a four-month high versus the euro.

American Employers Added 943,000 Jobs in July

The Labor Department's jobs report, released Friday, shows that nonfarm payroll employment rose by 943,000 in July, topping the 850,000 jobs U.S. employers added in June.

Gas Prices Surge to Fresh 7-Year High

The American Automobile Association said it expects gas prices to remain elevated at least through the beginning of August.

Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years

Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.

The Epoch Times