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Barkin: Raising interest rates is correct course
Inflation remains high, banks seem stable, Richmond Fed chief says
As inflation remains high and the fallout from recent bank failures seems contained, the Federal Reserve Bank has good reason to continue raising interest rates, Federal Reserve Bank of Richmond President
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Richmond Fed: Va. gained 8,000 jobs in Sept.
Three jobs open for every unemployed person in state
Published
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.
COVID challenges continue for Va. restaurants
Restaurant owners cope with rising costs, labor shortages
Published
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the
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Va. hotel revenues up slightly over 2019
NoVa continues to lag behind due to reduced biz travel
Published
Northern Virginia’s hotel market continues to be a drag on the lodging industry’s performance in the commonwealth as a whole, according to recently released data from STR Inc., a division
Virginia companies weigh office returns
Published
Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One
Future shock
HR execs ponder post-COVID work world
Published
As companies across Virginia continue to adjust to workplace changes created by the COVID-19 pandemic, many human resources managers say one thing is clear: The way people work has changed
Statewide hotel revenues continue to lag 2019
Hampton Roads more than fully recovered
Published
Hotel revenues in Virginia for the first half of 2022 continued to lag behind 2019, and reduced business travel is still the culprit. That’s according to data released this week
Capital One to reopen offices in September
McLean company sets hybrid start date for third time
Published
McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice,
Va. hotels expect 28% drop in 2022 biz travel revenue
National revenues expected to be 23% below pre-pandemic levels
Published
Virginia hotel revenue from business travel this year is projected to be down 28.3% from pre-pandemic levels, or about $674 million less than the $2.39 billion the lodging industry took
39% of metro D.C. workers are back in the office
Average in 10 cities is 43%, up 15 points since January
Published
During the week of April 6, offices around the country had the highest number of workers back at their desks since March 2020, according to Falls Church-based Kastle Systems, which