labor shortage

Opinion

Opinion: Biden Gets Competition All Wrong – Inside Sources

As one of its three pillars to address inflation, and in continuation of the agenda outlined through last summer’s Executive Order on “Promoting Competition in the American Economy,” the Biden administration promised more work promoting competition.  Recognition of the importance of competition in the economy — or even in government — ought to have bipartisan

Inflation

Key inflation gauge hit 6.1% in January, highest since 1982

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982. Excluding

Economy

Biden’s economic challenge: Finding workers and goods

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a “supply” problem — there aren’t enough jobseekers or goods to meet the country’s needs. This is also a political problem. The mismatch has obscured the strong growth and 3.9% unemployment rate achieved during Biden’s first year, the kind

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