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Gross domestic income, adjusted for inflation, grew more modestly than first estimated. Unlike gross domestic product, though, it remained positive. → Read More
A Commerce Department report will revise figures on gross domestic product for the second quarter and provide an alternative indicator. → Read More
Roughly half of those surveyed say they are worse off financially than a year ago, and most disapprove of President Biden’s handling of inflation. → Read More
Stocks tumbled, with the S&P 500 falling further into bear market territory, as investors focused on the threat that inflation and higher interest rates pose to the economy. → Read More
Inflation is at the highest level in four decades. But how you experience it can vary greatly depending on what you eat, how you travel and a host of other factors. → Read More
Prices were flat for new vehicles and up slightly for used ones. The latest issue is production problems from a blockade at the U.S.-Canada border. → Read More
U.S. employers added 467,000 jobs in January, the Labor Department said on Friday. That showed the resilience of the recovery in the face of a resurgent pandemic. The January data was collected in the first weeks of the year, when coronavirus cases topped 800,000 a day and millions of workers were kept home by positive tests, suspected exposures or child care disruptions. That led many… → Read More
Nearly a million workers quit in the leisure and hospitality industry alone, reflecting the competition for workers after pandemic-induced shutdowns. → Read More
Taking into account government benefits, a smaller share of the population was living in poverty in 2020 even as the pandemic eliminated millions of jobs. → Read More
The abrupt loss of pandemic unemployment benefits on a broad scale could have long-term effects not only for the recipients but also for the economy. → Read More
After waning for decades, applications to start businesses surged last year. If the rebound proves durable, it could provide a more resilient economy. → Read More
Minute-by-minute data offers a glimpse of how we suddenly adapted to a different way of living in 2020 — and how those changes varied greatly across groups. → Read More
Employers had 9.3 million positions available in April, more than two million more than before the pandemic. → Read More
The pay increases are giving Democrats a bragging point. But it comes with risks: Gains could fade, or spark quicker price inflation. → Read More
It was the third straight monthly drop in transactions after a surge in transactions earlier in the pandemic. → Read More
In surveys and political discourse, Republicans are increasingly critical of corporations, but not for the reasons Democrats have long held that view. → Read More
The easing of pandemic-related restrictions is allowing the labor market to continue its gradual return to normal. → Read More
The Bank of England in London. Policymakers forecast unemployment in Britain to peak at 5.5 percent later this year, thanks to the extension of the government’s furlough program.Credit...Matt Dunham/Associated Press The Bank of England unveiled a much brighter outlook for the British economy on Thursday than it had previously predicted, saying it would return to its prepandemic levels at the end… → Read More
Government payments made wallets fatter, and consumers took advantage. → Read More
A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue. → Read More