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President Joe Biden’s top labor economist has a message for the Federal Reserve: run the economy hot.
Inflation remains largely transitory and linked to supply-chain and COVID-related issues, said Janelle Jones, the chief economist at the Department of Labor. But raising interest rates or reducing economic support for the economy too soon — which many economists are urging to tame rampant inflation — could spell disaster for the nascent jobs recovery, she said.
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Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
The time has come to pass legislation to mandate enforceable price transparency and "site neutral" payments, as well as ban anti-competitive contracting.
A new report finds rising prices are forcing most U.S. workers to cut back on essentials, tap savings or take on debt, reshaping how they view wages, benefits and job stability.
The Social Security Administration announced its cost-of-living adjustment for beneficiaries — a figure advocates say fails to address the reality for most seniors.
Organizations are using artificial intelligence more than ever, but so far, have not cut jobs as a result.
