Economics

Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses. The number of people seeking unemployment aid — a rough reflection of layoffs — last week reached its lowest point since the pandemic struck. Economists say that widespread vaccinations and declining viral cases, the reopening of more businesses, a huge infusion of federal aid and healthy job gains should help sustain steady growth.

Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning economic growth.

We’re eating more meatless meat than ever, but it’s still not much.

Pokémon cards aren't just expensive. Card grading services are being completely overwhelmed in an “avalanche of cardboard.”

People are dressing up again—sort of—as they get vaccinated, venture out to social events and prepare to return to work, and the fashion industry is preparing for a major surge in sales.

“We have a couple of years until we catch up to this surging demand across every aspect of the business,” new Intel CEO Pat Gelsinger said.

Many restaurant owners say there’s a short supply of chicken wings and they’re struggling to get them.

Hertz, Avis and Enterprise sold enough of their fleets during the pandemic to create a shortage now that demand is picking up ahead of the summer travel season.

Central bank digital currencies promise to be a new form of money that could greatly increase the efficiency of future payment and settlement systems worldwide.

A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Biden's labor secretary said on Thursday, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O).

Amazon.com Inc (AMZN.O), one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Trevor Lawrence, the presumptive No. 1 pick in the 2021 NFL draft by the Jaguars, will have his signing bonus placed into a cryptocurrency account.

Nexteer Automotive said the chip shortage has sparked volatility in automaker assembly plants, but the company still anticipates total bookings to surge to $6.4 billion this year. The steering and driveline systems supplier saw bookings of $3.7 billion in 2020. Auburn Hills-based Nexteer,…

Civil Rights leaders point to historic criminalization of drug and alcohol bans

The gross domestic product data marked the second-fastest pace for growth since the second quarter of 2003.

Michigan’s child care sector is gearing up for perhaps its highest stakes policy debate ever, with $1.4 billion in federal coronavirus pandemic aid on the line. Just about everyone involved in caring for Michigan’s youngest students agrees the money is badly needed. Shortages of child care slots…

For better or for worse, labor-saving tech can actually lead to more work.

Looking to the future, Biden urged a $1.8 trillion investment in children, families and education that would fundamentally transform roles the government plays in American life.

Gov. Gretchen Whitmer is tying the future of COVID-19 restrictions in Michigan to vaccination rates.

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Ford Motor Co. on Wednesday posted its highest first-quarter net income in a decade but said it could lose half of planned production in the second quarter due to the semiconductor shortage that has halted some high-profit assembly lines. The automaker said it earned $3.3 billion from January…

LANSING — Gov. Gretchen Whitmer on Thursday announced a plan to tie the lifting of coronavirus pandemic restrictions to Michigan's vaccination rate, meaning in-office work restrictions are likely to ease before the end of May. Whitmer outlined four specific benchmarks that must be reached to…

Answer: Questions: What is your desired career at this point? Why does that interest you? What education/training do you need for this career? Have you ever had a conversation with someone who does this job?

Drivers will be offered pre-paid debit cards to reimburse their time and costs for each Detroit resident brought to a COVID-19 vaccination site.

The 'return to work' grants would cover up to 400,000 residents.

LANSING — Unemployed people who find a job would get $1,000 as part of $12.7 billion in proposed COVID-19 relief spending that began advancing in the Michigan Legislature on Wednesday.The "return to work" grants would cover up to 400,000 residents. They are included in supplemental budget…

Detroit, with a still-lagging COVID-19 vaccination rate, is taking its "Good Neighbor" strategy up a notch.The city, starting Monday, is offering $50 MasterCard debit gift cards to anyone who drives a Detroiter to their vaccination appointment at TCF Center's drive-through site. The Good Neighbor…