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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 09, 2022
Page
12
The Labor Department reports 4.5 million quits in November as job openings rise to 10.6 million and firms hire 6.7 million, part of an ongoing rebound from the pandemic downturn. Jobs added since April 2020 total 18.5 million, though overall payrolls remain 3.9 million below pre pandemic levels. The unemployment rate stands at 4.2 percent.
U S lawmakers view stronger job market and rising inflation. Minutes from the December meeting show Fed officials believe monetary policy can tighten sooner as inflation spreads and unemployment falls faster than expected. Chair Powell indicated policy tightening would accelerate with potential three rate hikes planned for this year.
Clearing weather over the eastern United States on Tuesday offered hopes for less disruption after a dire start to the year. By Tuesday evening about 1,500 flights were canceled, far below Monday’s 3,200 plus, with total cancellations since Christmas Eve near 20,000 per FlightAware.
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