Inflation Surges to Highest Level in 30 Years

Inflation Surges to Highest Level in 30 Years

by Harry Wilmerding   The Consumer Price Index increased 0.9% in October, bringing the key inflation indicator’s year-over-year increase to 6.2% as supply shortages continue and demand grows, the U.S. Bureau of Labor Statistics announced Wednesday. The...
Weekly Jobless Claims Drop to New Pandemic Low

Weekly Jobless Claims Drop to New Pandemic Low

by Harry Wilmerding   The number of Americans who filed new unemployment claims decreased to 267,000 in the week ending Nov. 6 as the labor market continues to improve, the Department of Labor reported Wednesday. The Labor Department figure shows a 4,000 claim...