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Business and Economic News

Here are 3 pivotal moments in workers' history to remember this Labor Day

Here are 3 pivotal moments in workers' history to remember this Labor Day

From a deadly factory fire to a presidential showdown with strikers, these major labor events became central to U.S. history, the modern labor movement and the rights afforded to workers.
by Jaclyn Diaz

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Pandemic pay panel won't make Labor Day deadline

Pandemic pay panel won't make Labor Day deadline

The goal of having a plan for splitting up $250 million for Minnesota’s pandemic frontline workers by Labor Day won’t come to pass. A nine-member working group is striving for unanimous agreement.
by Brian Bakst

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Until 2023? Parts shortage forecast to keep auto prices sky-high

Until 2023? Parts shortage forecast to keep auto prices sky-high

A surge in COVID-19 cases from the delta variant in several Asian countries that are the main producers of auto-grade chips is worsening the supply shortage. Analysts say that means record-high consumer prices for vehicles will extend into next year.
by The Associated Press

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The housing shortage is significant. It's acute for small, entry-level homes

The housing shortage is significant. It's acute for small, entry-level homes

The American dream of owning a small home with a backyard is being put on hold. In 1982, 40 percent of houses built were entry-level homes. By 2019, the annual share had fallen to 7 percent.
by Uri Berliner

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You may have gotten shortchanged by $125 on that COVID rebate for your car

You may have gotten shortchanged by $125 on that COVID rebate for your car

Auto insurers returned some premium payments to drivers last year when driving slowed at the start of the COVID-19 pandemic. But consumer groups say policyholders should have received a larger rebate.
by Joe Hernandez

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A new report says the COVID recession has pushed Social Security insolvency up a year

A new report says the COVID recession has pushed Social Security insolvency up a year

The new projections in the annual Social Security and Medicare trustees reports indicate that the program will be unable to pay full benefits in 2034. Last year's estimated exhaustion date was 2035.
by The Associated Press

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