US Consumer Prices Rose 7% in 2021, Fastest Pace Since June 1982

US Consumer Prices Rose 7% in 2021, Fastest Pace Since June 1982

US consumer prices in 2021 rose at the fastest pace in four decades, the government announced Wednesday, an inflation wave that has troubled President Joe Biden as the economy recovers from the pandemic. The consumer price index (CPI) in the 12 months to December jumped seven percent, the highest since June 1982, the Labor Department […]

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US Added 199,000 Jobs in December, Govt Says, Far Less Than Expected

US Added 199,000 Jobs in December, Govt Says, Far Less Than Expected

The US economy added only 199,000 jobs in December but the unemployment rate fell to 3.9 percent, the government reported Friday, a mixed ending to a year spent recovering from the mass layoffs caused by Covid-19. Analysts had forecast a much more robust gain in payrolls, but the result fell far short, instead showing other […]

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