ECONOMY

Average Wages Are Going Up, And So Are Prices

7:46pm August 10, 2021

by Scott Horsley

Employers have figured out what it takes to find workers in a tight job market: higher wages. Restaurant wages have increased almost 10% over the last year, which could affect menu prices.

Queue Listen Now

Retail Workers Are Quitting At A Record Pace. But Stores Are Rapidly Hiring, Too

4:40pm August 10, 2021

by Alina Selyukh

Retail workers are still quitting at a record rate. But they appear to be going to other retail jobs: Stores are actually hiring on an unprecedented scale, reaching 1.1 million new hires in June.

How 'The Pet Revolution' Unleashed A New Top Dog In America

12:11pm August 10, 2021

by Greg Rosalsky

A new book argues we've seen a fundamental shift in the treatment of pets since 1998.

As Nonprofit Disburses Rent Relief, Leader Says Government Can Make It Easier

4:54pm August 08, 2021

by Sarah McCammon

Lisa Isay, executive director of Bridges Ministries, describes her experiences distributing federal rental assistance in Jefferson County, Ala.

How BTS Is Adding An Estimated $5 Billion To The South Korean Economy A Year

6:11pm August 06, 2021

by Stacey Vanek Smith

BTS has become a global economic force. The seven-member South Korean boy band is creating jobs, billions in revenue — and even moving the needle on South Korea's GDP.

The U.S. Has Regained Almost 3/4 Of The 22 Million Jobs That Were Lost Last Year

4:27pm August 06, 2021

by Scott Horsley

U.S. employers added 943,000 jobs in July as the unemployment rate fell to 5.4%. Nearly 70% of the new jobs went to women.

News Brief: Fla. Schools Debate Masks, Jobless Data, Belarusian Athlete's Story

3:48pm August 06, 2021

Florida's school districts consider whether to require masks. The latest data on a recovering job market is released Friday. A sprinter from Belarus, who fled the Olympics, is now in Poland.

Restaurants in Miami and across the country are seeing surging demand from customers, but they are still struggling to recruit staff.

Restaurants Are Dangling Vacation And Matching 401(k), But Many Workers Aren't Biting

11:32am August 06, 2021

by Scott Horsley

As the U.S. economy continues to rebound from the pandemic recession, lots of people are going back to work — but not as quickly as many employers would like. Employers added 943,00 jobs in June.

LuLu's restaurant in Gulf Shores, Ala., closed temporarily after coronavirus infections were "racing among our staff," according to owner Lucy Buffett in a Facebook post. "Folks, this is serious business," she wrote. "We are taking a pause to evaluate the

Gulf Coast Businesses Struggle To Stay Open As COVID-19 Outbreaks Surge Among Staff

1:12am August 06, 2021

by Debbie Elliott

"It is financially tough," says Robert Momberger of Big Time Diner in Mobile, Ala. "Bills still keep on coming. So it really hurts to shut down, but sometimes that's the best thing to do."

AFL-CIO leader Richard Trumka addresses a 2019 rally in Washington, D.C. He had been president of the federation since 2009.

Powerful U.S. Labor Leader Richard Trumka Dies

6:04pm August 05, 2021

by Benjamin Swasey

Trumka, the leader of the AFL-CIO and a close ally of Democratic Party officials, has died. He was 72.