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Latest Headlines in Economy


A "Now Hiring" sign outside a Taco Bell restaurant in Louisville, Kentucky.

US weekly unemployment claims fall to 360,000, a new pandemic low

Recovery from the recession is proceeding so quickly that many forecasters have predicted that the economy will expand this year by roughly 7 percent.

Federal Reserve Chair Jerome Powell.

Powell says inflation will be ‘elevated’ in coming months

In a written testimony to be delivered Wednesday at noon, Powell reiterated his long-held view that the high inflation readings over the past several months have largely been driven by temporary factors.

Signage is seen on the side of a delivery truck outside the Pepsi Beverages Co. plant in Louisville, Kentucky.

PepsiCo reports fastest sales growth in a decade as eateries reopen

The results show how far PepsiCo is down the road to recovery, with North American businesses bouncing back and millions of consumers venturing out again.

A job seeker arrives at a Job News USA career fair in Louisville, Kentucky.

US weekly jobless claims tick up to 373,000 from a pandemic low

Thursday’s report from the Labor Department showed that jobless claims increased by 2,000 from the previous week to 373,000.

A hiring sign is displayed at Firestone Complete Auto Care store in Arlington Heights, Ill.

US adds a solid 850,000 jobs as economy extends its gains

Friday’s report from the Labor Department was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession.

A help wanted sign is posted outside of Dunkin' in Downtown Crossing.

US weekly jobless claims post larger-than-expected decline, but increase in Mass.

The rollout of vaccines has sharply reduced new COVID-19 cases, giving consumers the confidence to shop, travel, eat out and attend public events as the economy recovers.

Nancy Donnelly from South Boston shops at the L.L.Bean store in Boston's Seaport District in April.

Consumer confidence up in June, highest level since pandemic

US consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businesses.

Teenage workers at Chill on Park in Dorchester, Tahnyi Brown and Unique Berry wait on customers.

‘You can’t do anything but keep searching’: Despite hiring push, summer jobs can still feel hard to come by

As Boston’s economy revs up in this post-COVID-19 summer, there’s a disconnect in the labor market that’s baffling economists and workers alike.