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The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak. → Read More
The number of Americans filing for unemployment benefits is near pre-pandemic levels. After 2 years of wild swings, it's a good sign for the economy. → Read More
Expect some food and gas prices to go up. Inflation could also rise even more, eventually impacting mortgages and credit cards. → Read More
More construction workers means more homes — and that's good news for anyone looking to buy in the near future. → Read More
More Americans are actually getting out there and applying for jobs. It signals confidence in their options. → Read More
The government's establishment survey showed a gain of 199,000 payrolls, yet the household survey included in the report showed 651,000 jobs added. → Read More
America's lowest paid workers got a 14.1% raise in the past year as employers have had to use the "kitchen sink" approach to lure in staff. → Read More
West Virginia's senator said he can't vote on Build Back Better, but coal miners liked how it promised to help workers in a vanishing industry. → Read More
Goldman Sachs lowered its US growth estimates for the first three quarters of 2022, pegging the update exclusively to Manchin's "no" vote on BBB. → Read More
After years of legally avoiding taxes, Musk has a big bill coming due thanks to an old Tesla compensation plan, according to Insider calculations. → Read More
Continuing claims, which count Americans continuously receiving jobless aid, fell to 1.85 million for the week that ended December 4. → Read More
Spending at stores and restaurants rose 0.3% last month, falling short of the 0.8% forecast and showing a major slowdown from October's 1.8% jump. → Read More
The top 1% earned 13.8% of all wages in 2020, according to the Economy Policy Institute. That left 60.2% for everyone else. → Read More
The Consumer Price Index — a popular measure of US inflation — soared 6.8% year-over-year in November, the biggest jump since 1982. → Read More
Continuing claims, which count Americans continuously receiving unemployment benefits, rose to 1.99 million for the week that ended November 27. → Read More
The rich tend to hold more of their wealth in financial assets, which benefited a lot from pandemic-era policies, and they aren't taxed like income. → Read More
It shows how the economy is still being reshaped by workers, and that jobs — and lives — will have to change to keep Americans working. → Read More
October's JOLTS data shows the labor shortage persisting with a near-record 11 million job openings. Another 4.2 million quit their old jobs. → Read More
The bottom 50% of the world holds 2% of wealth, while the top 10% holds 76%, according to a huge data set that leading economists compiled for years. → Read More
Retail is the tip of the spear for a huge change in the US economy. People are buying more stuff and companies are profiting more, with fewer workers. → Read More