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G-7 Summit: Leaders Discussed Building A Fairer Post-Pandemic Economy

Fri, 06/11/2021 - 4:07pm

Members of the G-7 began their first summit-level meeting in two years in Cornwall, England, on Friday. They spent the afternoon discussing how to build back a fairer post-pandemic economy.

Price Increases May Continue For A Few More Months, Ex-Fed Official Says

Fri, 06/11/2021 - 7:20am

NPR's Sarah McCammon talks with Donald Kohn, former vice chair of the Federal Reserve Board of Governors, about the latest economic data on inflation, and the outlook for the economy.

Inflation Climbs Even Higher With Prices Rising 5% In May

Thu, 06/10/2021 - 4:12pm

Consumer prices are climbing at the fastest pace in nearly 13 years as the U.S. recovers from the pandemic recession. Prices rose 5% in May. Authorities say this inflation spike will be temporary.

Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why

Thu, 06/10/2021 - 5:36am

The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.

(Image credit: Justin Sullivan/Getty Images)

Labor Department Keeps Watch On Inflation With Consumer Price Index

Thu, 06/10/2021 - 5:06am

The Labor Department reports on the latest inflation data on Thursday. It comes after the consumer price index rose 4.2% in April from a year ago — the highest in more than a dozen years.

Millions Could Face Eviction With Federal Moratorium Ending And A Logjam In Aid

Thu, 06/10/2021 - 5:01am

Congress approved $47 billion to help struggling renters avoid eviction. But that money still isn't reaching many who need it. And an eviction moratorium from the CDC expires at the end of the month.

(Image credit: Lynsey Weatherspoon for NPR)

Inflation Has Surged From The Pandemic Recession — But That Isn't Stopping Buyers

Wed, 06/09/2021 - 6:49pm

The price of cars is climbing fast. So is the price of gasoline. The Labor Department may also offer its own version of sticker shock when it reports on the rise in consumer prices Thursday.

With A Friend In Biden, Amtrak Has Big Dreams. But Freight Lines Have Other Ideas

Wed, 06/09/2021 - 4:38pm

President Biden has aspirations for a new era of train travel. Amtrak supporters hope that a new line between New Orleans and Mobile, Alabama, is just the start. But major obstacles stand in the way.

(Image credit: Stephan Bisaha/Gulf States Newsroom)

The Senate Passes A Bill To Encourage Tech Competition, Especially With China

Tue, 06/08/2021 - 8:52pm

Senators voted 68-32 for a package that aims to increase semiconductor production and the development of artificial intelligence and other technology. The House hasn't voted on its version yet.

(Image credit: Susan Walsh/AP)

How California Homelessness Became A Crisis

Tue, 06/08/2021 - 6:30am

Homelessness has gotten out of control in the Golden State. Will California be able to solve it?

(Image credit: Justin Sullivan/Getty Images)

Working In Sweatpants May Be Over As Companies Contemplate The Great Office Return

Mon, 06/07/2021 - 7:55am

Many offices that have been closed since March 2020 are beginning to bring workers back, but not all companies think they need a return to the old ways.

(Image credit: Andrea Hsu/NPR)

G-7 Member Nations Agree To Global Minimum Tax Rate Of 15%

Mon, 06/07/2021 - 5:05am

NPR's Rachel Martin talks to David Wessel, director of the Hutchins Center at the Brookings Institution, about G-7 nations agreeing to back a global minimum tax rate on multinational corporations.

A Remote Resort Town Struggles To Find Restaurant Workers For The Summer Season

Mon, 06/07/2021 - 5:05am

As pandemic restrictions loosen, tourists flock to Jack Sprat, a restaurant in Girdwood, Alaska. But like many businesses in resort towns, it's having trouble hiring servers as the economy rebounds.

(Image credit: Emily Schwing)

These Four States Are Cutting A Key Lifeline For The Unemployed

Mon, 06/07/2021 - 5:01am

Mississippi, Missouri, Alaska and Iowa are ending the extra $300-a-week unemployment benefit provided as part of COVID-19 relief in a controversial bid to get people back to work.

(Image credit: Justin Sullivan/Getty Images)

Jobs And The Hospitality Industry

Sat, 06/05/2021 - 6:18pm

NPR's Michel Martin speaks with Jim Essey, CEO of the TemPositions Group of Companies, about why employers are having difficulty finding workers despite millions of Americans who remain unemployed.

Overseas Bank Helped Recover IRS Stimulus Checks To Non-Americans. It Didn't Go Well

Sat, 06/05/2021 - 9:00am

After accidentally sending stimulus checks to ineligible foreign citizens living overseas, the Internal Revenue Service is now asking some banks to help recover money, creating a legal mess.

(Image credit: Robert Alexander/Getty Images)

U.S. Employers Added 559,000 Jobs In May

Fri, 06/04/2021 - 4:04pm

In May, U.S. employers added two times the jobs they did in April. A long way from replacing the jobs lost in 2020, employers say they'd like to hire more people to keep up with booming demand.

Millions Face Eviction As Moratorium Expiration Date Nears

Fri, 06/04/2021 - 4:04pm

Millions of Americans are behind on rent and billions of dollars from Congress isn't reaching those who need it. A federal moratorium on evictions expires at the end of June so the clock is ticking.

U.S. Employers Added 599,000 Jobs In May

Fri, 06/04/2021 - 4:04pm

In May, U.S. employers added two times the jobs they did in April. A long way from replacing the jobs lost in 2020, employers say they'd like to hire more people to keep up with booming demand.

Hiring Picked Up Last Month, But The Economy Still Needs More Workers

Fri, 06/04/2021 - 8:34am

U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.

(Image credit: Daniel Wood/NPR)