While it's probably too early to declare a trend, the upward post-holiday jump in the 10-city average—based on entry-card swipes—is an important milestone.
This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.
"The increase in January's PPI—which rose far more than the estimates, erasing last month's decline—moderates expectations for disinflation over the year ahead."
Siloed teams undermine the security of financial and accounting data, but a new survey reveals that infrequent or sporadic communication remains common in many companies.
If the Fed had to set its inflation target today, it would choose 3% or 4%, rather than 2%, but "it is very difficult to change a target when you have missed it for so long. ... The minute you do that, your credibility is hit even harder."
This year, legal and business risks will be heightened for companies with international supply and distribution chains, especially those operating in highly regulated industries.
In light of the Labor Department's proposed rule on employee classification, employers need to analyze whether workers are economically dependent on the employer for work.