US home prices surged nearly 19% in October as market continues to boom
U.S. home prices surged again in October as the housing market continues to boom in the wake of last year’s coronavirus recession.
Hobby Lobby raises minimum wage to $18.50 an hour
Hobby Lobby workers will be getting a raise to ring in the new year. The craft store chain announced it will raise its minimum full-time hourly wage to $18.50, effective January 1, 2022.
US jobless claims hit lowest level in 52 years amid seasonal volatility
U.S. unemployment claims dropped to 184,000 last week, the lowest since September 1969 — offering more evidence that the job market is recovering.
Debt ceiling: House passes bill paving way for increase ahead of deadline
The House passed a bill that will allow the Senate to raise the U.S. debt limit with a Democrats’ only majority vote, as the deadline draws near.
November jobs report: US employers added a sluggish 210,000 jobs
U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, as the economy contends with inflation and shortages.
US unemployment claims rise by 28,000, but still low at 222,000
U.S. unemployment claims climbed by 28,000 last week to 222,000, even though the U.S. job market has been rebounding from the coronavirus recession.
Powell says Federal Reserve may accelerate pullback in economic support
Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.
Federal Reserve: Omicron variant could make supply chain backlog, inflation worse
Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring.
Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
FOX 5 tours construction of Amazon's HQ2 facility underway in Arlington
FOX 5 is taking viewers inside the construction of Amazon's new HQ2 facility in Arlington for the first time ever.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
US hospitals ask for donations of gently used crutches, canes, walkers amid shortage
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Fuel efficiency tips for drivers this winter
A winter settles in, there are some bad habits that can deplete your tank quickly as the weather gets colder.
Thanksgiving turkey prices skyrocketing amid supply chain, labor shortage issues
Thanksgiving is just three weeks away, and concerns are food prices are rising.
October jobs report: US hiring rebounds with 531,000 jobs added
The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.