Don Lee covers the U.S. and global economy out of Washington, D.C. Since joining the Los Angeles Times in 1992, he has served as the Shanghai bureau chief and in various editing and reporting roles in California. He is a native of Seoul, Korea, and graduated from the University of Chicago.
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The acceleration in prices, which has been building for months, has unsettled financial markets and raised concerns that it could weaken the economic recovery from the pandemic recession.
Employers added only 266,000 jobs in April, down from March and far short of expectations. That could give Biden’s stimulus spending plans a boost.
Pandemic brought home to managers the high cost of unforeseen disruptions, so they are turning more to automation.
Es probable que el repunte económico sea aún más fuerte, restableciendo millones de puestos de trabajo y provocando el crecimiento más rápido de este año desde la década de 1980.
Economic rebound is likely to grow even stronger, restoring millions of jobs and leading to the fastest growth this year since the 1980s.
Biden has quietly relaxed one of Trump’s signature immigration bans, even as the new administration struggles to hold back a migrant surge along the border with Mexico.
The Atlanta shootings revealed a less-recognized and growing segment of the Asian American immigration story — one that doesn’t fit the stereotype.
Economists say Biden’s $2-trillion infrastructure package could pay for itself by boosting productivity and economic growth.
Growth this year is set to be the fastest since 1984, but higher inflation looms as a threat.
La pandemia ha desencadenado cambios potencialmente profundos en el comportamiento de los consumidores y en los modelos de negocio, perturbando los puestos de trabajo de millones de trabajadores.