commodity

The Department of Workforce Services in Taylorsville is pictured on April 15, 2021. Utah's unemployment rate hit a record-low of 1.9% in April, according to a report issued Friday.

Utah unemployment drops below 2% for the first time as labor becomes a ‘precious commodity’

The Taylorsville Department of Workforce Services is pictured April 15, 2021. Utah’s unemployment rate hit a record high of 1.9% in April, according to a report released Friday. (Kristin Murphy, Deseret News) Estimated reading time: 3-4 minutes SALT LAKE CITY — Utah labor officials reported Friday that the state’s seasonally adjusted unemployment rate fell to …

Utah unemployment drops below 2% for the first time as labor becomes a ‘precious commodity’ Read More »

Fed's Bullard says retailers who don't understand consumers are being stretched by inflation will get 'punched in the face'

Fed’s Bullard says retailers who don’t understand consumers are being stretched by inflation will get ‘punched in the face’

Retailers who continually raise prices and fail to understand that consumers are being strained by inflation will lose market share, St. Louis Fed President James Bullard said Friday. “A lot of CEOs have come on TV and said ‘oh, I have a lot of pricing power and I can do whatever I want and make …

Fed’s Bullard says retailers who don’t understand consumers are being stretched by inflation will get ‘punched in the face’ Read More »