Photo: Gasoline prices are shown at a gas station Thursday, June 9, 2022, in Salt Lake City There is little evidence that gasoline prices, which hit a record $5 a gallon on Saturday, will drop anytime soon. Rising prices at the pump are a key driver in the highest inflation that Americans have seen in
A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs. The annual Social Security and Medicare trustees report released Thursday says Social Security’s trust fund will be unable to pay
President Joe Biden will vow to make Vladimir Putin “pay a price” for Russia’s invasion of Ukraine in his first State of the Union address, rallying allies abroad while also outlining his plans at home to fight inflation and the fading but still dangerous coronavirus. In addition to recounting U.S. and allied economic sanctions against
As the world nears the second anniversary of the COVID-19 pandemic next month, analysts say the U.S. economy is almost entirely “back to normal.” Arizona’s economy is operating at 97% of where it was in March 2020, according to the Back-to-Normal Index, published by Moody’s Analytics and CNN. The index uses data from 37 national and
That bleak jobs report the White House had been bracing for never arrived Friday. Instead, President Joe Biden got the pleasant surprise that the U.S. economy had powered through the omicron wave of the coronavirus and posted 467,000 new jobs in January — along with strong revisions to job gains in the two prior months.
Throughout 2021, Arizona continued to create an economic environment that promotes business growth and expands opportunities for all. Companies large and small moved to Arizona, and businesses already in the state grew their operations. Smart policies led to families and businesses keeping more of their hard-earned money. Arizona’s year-end job numbers demonstrate the success of