Economic News

Inflation Slowed In November Giving Hope To Average Americans

Inflation levels dropped in November and pundits say that the average person could find relief from rising prices and interest…

2 years ago

Consumer Prices Increase 8.5% To Record Highs In March

Inflation continues to soar, as rates reached a new high last month, according to the Bureau of Labor Statistics report…

3 years ago

U.S. Added 678,000 Jobs In February, Unemployment Rate Dips To 3.8%

The U.S. unemployment rate dipped to 3.8% in February with the addition of 678,000 jobs, according to the Labor Department's…

3 years ago

Biden Imposes Harsh New Economic Sanctions On Russia After Ukraine Invasion

The Biden administration imposed additional sanctions targeting Russia's central bank on Monday following Russia's unprovoked invasion of Ukraine last week.…

3 years ago

Inflation Rose 5.8% In December, Alarming Economists

A key inflation gauge, the PCE Price Index, rose 5.8% in December from December 2020. The high inflation rate ties…

3 years ago

U.S. Budget Deficit Climbs To A Record $2.8 Trillion This Year

The U.S. budget deficit climbed to a record $2.8 trillion in the first 10 months of this fiscal year, the…

4 years ago

U.S. Economy Shrinks By 33% – Worst Annual Rate Drop In History Amid COVID-19 Pandemic

The U.S. economy shrank at a 33% annual rate from April through June, the largest quarterly decline in history as the…

4 years ago

Over 3.3 Million Americans Filed For Unemployment Last Week, Highest Ever Recorded

The U.S. Labor Department (DOL) reported on Thursday that  3.3 million Americans filed for jobless claim benefits in the last…

5 years ago

Trump Says He Will ‘Find A Way To Win’ If Recession Comes

On Friday, President Donald Trump suggested that if an economic downturn comes he would be able to solve it because…

5 years ago

Elizabeth Warren Warns An Economic Crisis Will Soon Hit The U. S.

Sen. Elizabeth Warren (D-Massachusetts) said that there are red flags now that point to another financial crisis. The senator wrote…

5 years ago

New Government Climate Change Study Says Higher Global Temperatures Could Cost 10% Of U.S. GDP

A new climate report released on Friday takes a different angle in confronting the problem of climate change, as it…

6 years ago

Could Donald Trump’s Trade War Cause A Recession?

Despite the current strong economy, President Donald Trump’s trade battles with Mexico, Canada, Europe and China have economists fearing a…

6 years ago