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Crying wolf?
Recession predictions abound, but no downturn yet
It’s “the most predicted potential recession in memory,” Federal Reserve Bank of Richmond President and CEO Tom Barkin quipped in January, but it hasn’t happened yet. Maybe. During the first
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Barkin: Inflation improving but not yet low enough
Richmond Fed chief says target is 2%
Published
With inflation decreasing but still not at its 2% target, the Federal Reserve still needs “to stay on the case,” Federal Reserve Bank of Richmond President and CEO Tom Barkin
Barkin: To address inflation, U.S. must rethink labor
Labor shortage likely to continue, Richmond Fed chief says
Published
As the U.S. moves to a short-labor environment, it will be necessary for businesses, governments and nonprofits to reassess their approach to labor, Federal Reserve Bank of Richmond President and
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Business is better
Published
Over the past several months, there’s been a bit of a buzz about the direction of the global economy. In conversation, many business leaders will express deep concerns about inflation
Belabored shortages
Labor woes, inflation expected to persist
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Faced with a shortage of drivers, Trevor Dunlap had to find a new way to recruit interested candidates for his Chesapeake-based trucking and warehousing companies, Givens Transportation Inc. and Givens
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
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Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third
Richmond Fed: Va. gained 8,000 jobs in Sept.
Three jobs open for every unemployed person in state
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Virginia employers added 8,000 net jobs in September, marking the first month in which total employment has exceeded pre-pandemic levels, representatives from the Federal Reserve Bank of Richmond said Friday.
Fifth District economy little changed since August, Fed says
Demand for several sectors drops in face of inflation
Published
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the
Va. layoffs and discharges down in June
However, 8.6% more workers quit jobs than last year
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Virginia companies put the brakes on layoffs in June, even as workers continued to seek new opportunities, refueling the Great Resignation. Virginia had 28,000 layoffs and discharges in June, a
Guardians of the treasury
Finance execs face array of timely challenges
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How’s this for an anxiety recipe? Serious supply-chain woes. A worsening labor shortage. Historic inflation. Rising lending rates. Soaring fuel and energy costs. An exceptionally volatile stock market. Growing cybersecurity