U.S. inflation pressures are rising as businesses struggle with a labor shortage.
The monthly jobs report for June showed the U.S. added 850,000 jobs to its economy. However, economists and lawmakers are sounding the alarm about rising inflation under the Biden administration. One America’s Stephanie Myers spoke with former Trump economic adviser and co-founder of the Committee to Unleash Prosperity, Stephen Moore, about the latest data and trends.
Producer prices rose at the fastest pace on record in May. On Wall to Wall, Greta spoke with Economist Stephen Moore about those surging inflation pressures.
Job growth missed expectations in May as the unemployment rate fell more than expected.