Scott Horsley
Stories
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April's Job Report Falls Short Of Predictions
April's jobs number failed to meet projections, casting doubt on the country's post-pandemic recovery. But the Biden administration says that the economy is recovering faster than expected.
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Spring Letdown: Hiring Slows in April, Raising New Challenges For Economy
U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.
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On The Road, At The Ballpark: Americans Celebrate Vaccinations, Lifting Businesses
Newly vaccinated Americans are spending more freely on restaurants, travel and live entertainment. That should give a boost to pandemic-scarred service industries.
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Flush With Cash, Americans Are Buying Everything From iPhones To Teslas
Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.
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Shopping And Shots Power An Economy Heading To Its Fastest Growth Since 1984
The U.S. economy grew at a rapid pace in the first three months of the year as more people got vaccinated and the federal government pumped hundreds of billions of dollars into people's pockets.
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Did Emergency PPP Loans Work? Nearly $800 Billion Later, We Still Don't Know
The Paycheck Protection Program, which provided emergency loans to small businesses amid the pandemic, will wind down soon. Economists are divided on whether it saved enough jobs to justify its cost.
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Signs Of Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit Pandemic Low
Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a pandemic low.
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Consumer Prices Jump For March
Consumer prices saw their sharpest increase in more than eight years last month, as businesses struggled to keep pace with booming demand.
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Rising Tide: Powerful U.S. Growth Set To Lift Global Economy, IMF Says
The International Monetary Fund predicts the U.S. economy will grow at its fastest pace in decades this year, lifting the outlook for worldwide economic growth.
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Janet Yellen Proposes Bold Idea: The Same Minimum Corporate Tax Around The World
The Treasury Secretary is adding her support to a widely-discussed proposal as part of the Biden administration's tougher approach to corporate taxes.