Economic News

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Workers in a restaurant kitchen preparing food
Do You Still Have Leverage in the Job Market? Depends on Your Industry.
Concerned businessman looking at a laptop
For Businesses, Most Of the Pain of Fed’s Rate Hikes Lies Ahead
Exhausted businessman looking at laptop on desk while sitting with male coworker in office.
The Great Resignation Is Officially Over
Immigrants take the oath of allegiance to the United States during a naturalization ceremony held in front of the "Gateway to the Arctic" whale bone sculpture on August 10, 2023 in Utqiagvik, Alaska. Located along the Arctic Ocean, Utqiagvik is the northernmost settlement in the United States. Formerly known as Barrow, the town of nearly 5,000 people is mostly populated by indigenous Iñupiat, but also with a growing immigrant population. This year U.S. Citizenship and Immigration Services (USCIS), who held the ceremony, launched a nationwide effort to bring immigration services to remote locations to help legal immigrants, often green card holders, to become American citizens. In the case of Utqiagvik, petitioners would have normally needed to take the two-hour flight to Anchorage, often multiple times, for citizenship appointments. The USCIS effort puts into effect the Biden Administration's Executive Order 14012, Restoring Faith in Our Legal Immigration Systems and Strengthening Integration and Inclusion Efforts for New Americans. The order, issued on February 2, 2021, instructs U.S. government agencies to promote citizenship through naturalization, improve the naturalization process overall and reduce wait times for applicants. It also revoked a Trump-era memorandum designed to slow and ultimately restrict legal immigration.
Immigration Is Playing a Larger Role of Filling Gaps in the US Labor Force
Exterior of Miniso flagship store.
What a 'Hard Landing' in China Would Mean for the US Economy
 Students at a high school sit in front of a computer and use an AI tool.
AI Revolution Likely Won't Take Jobs but Could Keep Interest Rates High
A steaming, glowing mass of smoke stacks and distillation towers connected by conduit and pipe racks towers in the early morning light in front of the Port of Los Angeles.
US Companies Do Greenhouse Gas Damage Equal To 18.5% Of Profits, Study Shows
Jerome Powell, chairman of the US Federal Reserve, second right, arrives for dinner during the Jackson Hole economic symposium in Moran, Wyoming, on Thursday, Aug. 24, 2023.
The Fed is Keeping Its Options Open For More Rate Hikes, Powell Says
The Grand Tetons at sunrise at the Jackson Hole economic symposium in Moran, Wyoming. David Paul Morris / Bloomberg / Getty Images
Fed Officials Are Divided on Need For More Rate Hikes
South African President Cyril Ramaphosa (C) speaks during a press conference with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva (L), President of China Xi Jinping (2nd, L), Prime Minister of India Narendra Modi (2nd, R), and Russia's Foreign Minister Sergei Lavrov (R), on the closing day of The BRICS summit at the Sandton Convention Center on August 24, 2023 in the Sandton district of Johannesburg, South Africa.
Saudi Arabia and Iran to Join BRICS Along With Four New Members
A man walks past five foreclosed homes in Chicago, July 21, 2010.
More Than 1 Million U.S. Homes Are Standing Vacant
A man making a video conference call on laptop in home office
Remote Work is Here to Stay, And Employers Aren’t Happy About It
Lower Manhattan Skyline
New York City Economic Tracker: August 7, 2023
Sunset with dramatic light over Duisburg in the Ruhr area, one of Germany's centers of heavy industry
Here's Where Climate Change Could Cause Credit Downgrades
Photo taken on Oct. 19, 2022, shows a house for sale in Washington, D.C.
July Existing Home Sales Fall 2.2%
A customer at the self checkout of a Target store in the Queens borough of New York, US, on Tuesday, May 16, 2023.
More Analysts Believe Economy Will Have A 'Soft Landing'
Donna Howard holds up a sign reading I Got the Job at Suited for Change in Washington, DC, on September 13, 2022.
Average Expected Wages Hit Record High
A couple shopping for a car
The Public Credits the Fed For Stifling Inflation—Here’s Why That Matters
A woman uses a tablet to order supplies for her business in a workshop.
Companies Tapping Brakes On Capital Expenditures Due To Federal Reserve Rate Hikes
Freddie Mac building
Mortgage Rates Rise to Near a 21-Year High, Says Freddie Mac
The Federal Reserve building in Washington
Federal Reserve Officials Are Worried You're Getting Paid Too Much
An aerial view shows a home under construction at a housing development on June 21, 2023 in Lemont, Illinois.
Housing Starts Rose in July as Building Permits Show Decline May Be Looming
A dealer puts up a "For Lease" sign in a used car for sale at a dealership in Richmond, California, US, on Tuesday, Feb. 21, 2023.
Credit Card Debt, Auto Loan Delinquencies Pose Problems for Consumer Lending
Peter Cade / Getty Images
Shoppers Are Turbocharging The Economy, GDP Model Shows
Federal Reserve building
High Interest Rates Could Be Here For a While, Fed Official Says
A worker pushes an hydraulic hand pallet through a warehouse.
Business Inventories Edge Lower in June as Demand Slows
eople walk by the New York Stock Exchange (NYSE) on August 02, 2023 in New York City.
UBS and Credit Suisse Project Global Wealth Will Rise 38% by 2027
Contractors work on a house under contruction in Sacramento, California, US, on Monday, July 3, 2023.
Home Builders' Confidence Tumbles on Rising Rates
People shop along Broadway in Manhattan on July 27, 2023 in New York City.
July Retail Sales Beat Expectations
People shop in a Manhattan store on July 27, 2023, in New York City.
Consumers' Expectations for Inflation Move Closer to Fed's Target
Senior engineer explaining machine functioning to new engineer and how to operating an Injection Molding machine.
Job Hunters Have Had The Upper Hand in These Three States in the Wake of the Pandemic
The five-star Red flag, the national flag of the People's Republic of China, is fluttering under the blue sky.
Prices in China are Falling: Here's Why That's a Problem
gas pump
Consumer Confidence Softens in August Amid Rising Gas Prices
Rice Production
Global Rice Prices Hit 12-Year High Last Month Following Indian Ban of Rice Exports
A technician inspects machines with a computer.
Producer Prices are the Canary in the Coal Mine for Consumers and Fed
Man shopping in a food store
Inflation Cooled In July, Despite Uptick In Year-Over-Year Rate to 3.2%
Lower Manhattan Skyline
New York City Economic Tracker: July 24, 2023
Container terminal in Hong Kong
Dwindling Trade Highlights China's Shrinking Role as Workshop of the World
Employee Monte Grenz operates a forklift at the distribution center of the Oregon Freeze Dry Inc. facility in Tangent, Oregon, U.S
June Wholesale Inventories Fall, But Remain Elevated Over Last Year
Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia, speaks during a conference on economic outlook in Philadelphia, Pennsylvania, on Tuesday, April 12, 2016.
Interest Rates May Have Reached Their Peak, Fed Official Says
couple making a purchase at a female owned small business
Small Businesses Remain Pessimistic Due To Inflation, Labor Market Woes
Federal Reserve
Is Inflation Tamed? Thursday's Inflation Numbers Will Give the Fed New Clues
Real estate agent touring a house with a couple
Home Prices are Back to Breaking Records
Michelle Bowman, governor of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.
With Inflation Still Above Targets, Officials Leave Room For Another Hike
Strategic Petroleum Reserve (SPR) storage facility
How DOE Delaying Replenishing Strategic Petroleum Reserve Will Impact Prices
Sheep on South Island, New Zealand
These 10 Countries Now Have Better Credit Ratings Than The United States
A man fishing in a lake
Jobs Are Back After The Pandemic, But Working? Not So Much
Apartment buildings with fire escape ladders in New York City.
New Signed Contracts, Listings Drop in New York, Southern California
The U.S. Capitol
Fitch Downgrades US Credit Rating Amid Fiscal Face-Offs. Here's Why It Matters.
A refinery at dusk, lit up and running
What Recession? Model Shows GDP Growth Accelerating To 3.9% In 3rd Quarter
Workers on a construction site
Construction Spending Jumped in June
Perspective photo of a row of similar style houses during various phases of construction.
The Great Housing Crash of 2023 That Wasn't
A factory worker uses a digital tablet
Job Market Pickings Got Slimmer in June, Though Far From a Famine
A man looks at coupons while shopping at a Shaw's Supermarket July 28, 2023 in Orleans, Massachusetts
How Long Can U.S. Consumers’ Spending Spree Continue?
Female financial advisor in discussion with female business owner at desk in office
Borrowing Continued To Get Tougher in Second Quarter
An office manager showing some documents on a digital tablet to a colleague in a bright, modern office.
Businesses Expect Revenue Growth Despite Macroeconomic Conditions, Says Survey
A young boy playing on a shopping cart in a grocery store
Consumer Sentiment Shows People Have Noticed Slowing Inflation and Like It
A couple buying a car
Fed's Preferred Inflation Measure Falls To 3%
A for sale sign is posted in front of a home on March 22, 2023 in San Anselmo, California.
Pending Home Sales Increase for First Time in Three Months
US Capitol Building
Congressional Budget Office Adopts Sunnier Economic Outlook