Andy Kiersz
Business Insider
New York, NY, United States
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Recent articles by Andy:
Americans haven't hated the economy this much since the sloth-like recovery from the Great Recession
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 wildest pandemic-era economic indicator has gotten boring. That's a good thing.
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
The Russia-Ukraine conflict could affect gas and food prices — here's what else it means for your wallet
Expect some food and gas prices to go up. Inflation could also rise even more, eventually impacting mortgages and credit cards. → Read More
There are 2 bright spots in the housing market: Construction companies are hiring more workers and paying them better
More construction workers means more homes — and that's good news for anyone looking to buy in the near future. → Read More
The unemployment rate went up in January. Here's why that's a good thing.
More Americans are actually getting out there and applying for jobs. It signals confidence in their options. → Read More
The December job report missed badly. The same report hints we're in an economic boom.
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
The jobs report has a silver lining: Wages are continuing to grow sharply for American workers
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
Joe Manchin's attitude about coal and climate change is out of step with coal's shrinking role in the economy
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
Joe Manchin is costing the US economy $60 billion by tanking Build Back Better, Goldman Sachs says
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
Elon Musk could owe $12 billion this year in one of the biggest tax bills ever, just as he told Elizabeth Warren
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
Jobless claims edge higher from 52-year lows as the unemployment recovery pushes forward
Continuing claims, which count Americans continuously receiving jobless aid, fell to 1.85 million for the week that ended December 4. → Read More
Americans' spending spree slowed sharply in November as holiday sales faced off against historic inflation
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 0.01% got a nearly 10% percent raise in 2020 — that's five times more than the bottom 90%
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
Inflation just hit a level not seen since Ronald Reagan was president
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
Jobless plummet to lowest mark since 1969 as employment recovery charges forward
Continuing claims, which count Americans continuously receiving unemployment benefits, rose to 1.99 million for the week that ended November 27. → Read More
The world's richest people are atop the heap because of one basic truth: Markets are inflated, and it's made the stuff they own way more valuable
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
2021 was the year of the quit: For 7 months, millions of workers have been leaving
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
Even more job openings were posted in October while quits stayed near record highs
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
A huge study of 20 years of global wealth demolishes the myth of 'trickle-down' and shows the rich are taking most of the gains for themselves
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
The drop in retail jobs in November shows how the pandemic has dramatically changed how Americans spend their money
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