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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 24, 2021

Page

25

Iowa jobless rate rises to 3.9 percent in May

Iowa’s unemployment rate rose to 3.9 percent in May from 3.8. Employment declines hit trade transportation and utilities by 1400 and construction by 800 while gains led by professional and business services and government. Workforce grew to its highest since May 2020 with 6300 more in the labor pool.

Iowa IWC Beth Townsend

Restaurant menu prices rise as costs push inflation

Restaurants raise menu prices amid higher food and labor costs. Industry analyst notes strong consumer appetite to pay more as food away from home climbs four percent year over year, the fastest since 2009. Chains like Chipotle and Cracker Barrel are edging up prices, while McDonald's weighs wage-driven strategies.

David Henkes Technomic Federal Reserve Chipotle Mexican Grill Cracker Barrel Old Country McDonald’s

Southwest CEO Gary Kelly to step down in 2026

Southwest Airlines said Gary Kelly 66 will become executive chairman by 2026 and Robert Jordan 60 currently EVP of corporate services will take over as CEO on February 1 next year. Kelly has led since 2004 guiding the carrier through the 2008 crisis the COVID-19 era and major fleet and labor challenges while expanding routes.

Gary Kelly Southwest Airlines Robert Jordan Southwest Kelly Jordan

Panel targets Big Tech's market power

The US House Judiciary Committee advances a bipartisan antitrust package aimed at Facebook Google Amazon and Apple to separate platforms from other businesses. Leaders say the plan could upend the industry while conservatives argue it ignores anti conservative bias on social networks and would expand to include Microsoft Walmart and Visa under stricter rules. The package under Rep. David Cicilline seeks to curb market dominance amid probes lawsuits and a tougher FTC stance led by Lina Khan.

Washington S. House Judiciary Committee Facebook Google Amazon.com Apple Federal Trade Commission David Cicilline D-R.i Congress Microsoft Walmart Visa Jim Jordan R-Ohio Joe Biden Lina Khan FTC Khan Judiciary Committee

Also Mentioned on This Page

John Steppe the Gazette U.S. Department of Labor John. Steppe Thegazette BTIG Peter Saleh Saleh Washington Post GOP Associated Press
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