John Carney

John Carney

Articles by John Carney

Job Openings Rocket to Record to 9.3 Million

U.S. employers posted a record number of available jobs in April, far surpassing expectations, and March’s record number of openings was revised higher.

A help wanted sign is seen in the window of the Unika store on September 4, 2015 in Miami, Florida. The U.S. Bureau of Labor Statistics released the August jobs report that shows that the economy created just 173,000 new jobs last month. But the unemployment rate dipped to 5.1%, …

Price Shock: Inflation Soars to 29-Year High

A key measure of inflation accelerated to a faster-than-expected 3.1 percent annual gain in April, the Commerce Department reported Friday. The last time the core personal consumption expenditures index hit 3.1 percent was in May of 1992, when George H.

US President Joe Biden visits the Sportrock Climbing Centers alongside its owner Lillian Chao-Quinlan (R), and Virginia Governor Ralph Northam, in Alexandria, Virginia on May 28, 2021. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Consumer Sentiment Dips as Inflation Expectations Soar to Decade High

U.S. consumers expect much higher prices over the next year and they expect elevated inflationary pressure to persist for years, data released Friday showed. The University of Michigan’s survey of consumers in May indicated that consumers expect a 4.6 percent

WASHINGTON, DC - MAY 18: Sen. Rick Scott (R-FL) speaks before a Senate Republican Policy luncheon at the Russell Senate Office Building on May 18, 2021 in Washington, DC. Scott spoke on inflation and the rising cost of goods prior to the meeting. (Photo by Kevin Dietsch/Getty Images)