Members of President Biden’s economic team generally support a second term for Fed Chairman Jerome Powell, but resistance is growing among progressive Democrats.7 min read

The number of available jobs since May has outnumbered Americans looking for work. One factor is a mismatch between where people want to work and which industries are hiring.2 min read

Unfilled job openings rose by 590,000 to a seasonally adjusted 10.1 million in June, the highest level since record-keeping began in 2000, the Labor Department said.3 min read

Factory-gate prices rose at an unexpectedly fast clip in July, matching the highest level in more than 12 years as crude oil and coal prices soared—though economists say the price pickup is unlikely to last. 3 min read

The U.S. Labor Department’s report on July consumer prices is the focus of this week’s economic data. 2 min read

The cost of renting a home has bounced back from a Covid-19 lull, which could drive up the rate of inflation down the road and alter the Fed’s calculations about when to raise interest rates.5 min read

Investments in highways, ports and broadband under the infrastructure bill are unlikely to have a big impact on growth in the next few years, economists say, but could lead to long-term gains in productivity. 5 min read

The city of Birmingham’s diversified economy, an earlier relaxation of Covid-19 restrictions, and limited number of available workers put it in competition with Salt Lake City for the lowest unemployment rate for large metro areas.6 min read

A strengthening U.S. labor market added cushion to the economic recovery in July, with employers creating jobs at the best pace in nearly a year—adding 943,000 to payrolls—and the jobless rate falling sharply to 5.4%.6 min read

The U.S. trade deficit widened to a record in June as the resurgent American economy drove strong demand for foreign-made goods ahead of the Covid-19 Delta-variant surge.4 min read

New filings by workers fell slightly to 385,000 last week but held in a range that is nearly double the pre-pandemic average.3 min read