Economy
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Charlotte airport workers strike over wages as Thanksgiving travel week gets underway
The workers from ABM and Prospect Airport Services are striking in protest of what they argue are low wages, according to the Service Employees International Union.
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Boeing lays off over 2K employees in Washington state following strike, financial issues
The reduction in Washington, where it has eliminated 2,199 jobs, is only a fraction of its workforce in the state, which consisted of 66,000 workers last week. The terminations have impacted workers in all three of the company's divisions.
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Annual inflation rate reaches 2.6% in October, up 0.2% from previous month, feds
The increase was in line with Wall Street expectations
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New U.S. jobless claims decline to 375,000, falling for the third straight week
The continuing jobless claims figure is also at its lowest level since mid-March 2020
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Biden 'inflation tax' erases gains in workers' pay, as Democrats' own economists admit fears
From Joe Manchin to Obama's top economic adviser, warnings grow that everyday workers are falling further behind after gains under Trump.
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Inflation remained high in July, consumer prices rose 5.4%
The consumer-price index hit its highest 12-month rate since 2008
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Yellen to Congress: Raise debt ceiling using 'regular order,' not reconciliation
Treasury Secretary's statement arrives the same day that Senate Democrats publicly released their $3.5 trillion, filibuster-proof budget reconciliation resolution.
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U.S. economy added 943,000 jobs in July, unemployment rate 5.4%, feds report
The June number was 850,000.
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Weekly jobless claims 400,000, roughly 24,000 less than previous week, feds
The number of weekly applications has fluctuated during the pandemic but overall has steadily declined.
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Second quarter GDP increases 6.5%, feds' report below economists' expectation of at least 8%
Economists attributed the increase to a rebound from the pandemic shutdowns.
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Supply-chain issues hit restaurants amid high demand, transportation woes
Sharply rising consumer desires meet trucker shortage, natural disasters.
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Surging BBQ companies go public, signaling continued post-pandemic shift to home cooking
Consumers have already indicated that they intend to eat out less.
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Number of first-time jobless claims increased last week from a recent pandemic low
Jobless claims increased last week to 419,000, from 368,000 the previous week, the Labor Department said.