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ECONOMY
U.S. Inflation Is Highest in 13 Years as Prices Surge 5%
The rapid rise in consumer prices in May reflected a surge in demand and shortages of labor and materials
U.S. Jobless Claims Fall to Another Pandemic Low
New filings declined to 376,000 last week, as layoffs ease and hiring picks up
Technology Fills the Gap as Jobs Lag GDP
Pandemic, labor shortages drive businesses to boost productivity with digital investments
Biden Administration Says Child-Care Assistance Will Help Economy Grow
Some Republicans and economists question the benefits to children and push to give cash to families
Global Wealth Gap Likely to Widen as Major Economies Power Recovery, World Bank Says
Bank projects fastest economic rebound in 80 years, but uneven vaccine distribution is hurting low-income countries
Federal Student-Loan Loss Forecast Rises by $53 Billion
The new estimate reflects pandemic-relief efforts for borrowers and low repayment rates on the government’s $1.6 trillion portfolio
U.S. Trade Deficit Narrowed Amid Supply Chain Woes
Slowdown in consumer spending contributes to drop in imports in April
G-7 Tax Plan: What We Know About the Global Corporate Tax Deal
Rewriting the rules on how major companies are taxed could have broad repercussions—depending on how the details play out
The Fed’s Inflation View Is All About That Base
Comparisons to one year ago are a challenge, so try two
U.S. Job Openings Reached Record Level This Spring
Government and private-sector data show surge in demand for workers led by leisure and hospitality industries