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US Jobs Report Set to Reveal Solid Growth, Steady Unemployment Rate
Commuters wait at King Street metro station in Alexandria, Virginia, US, on Wednesday, March 11, 2026. The Bureau of Economic Analysis is scheduled to release gross domestic product (GDP) figures on March 13.
Analysis: An end to the Iran war may be just the beginning of a new era of U.S. inequality
For some Americans' finances, the Iran war was over almost as soon as it began. Those with access to stocks — a majority of Americans have some, though the ultrawealthy have most — saw the S&P 500 dip about 8% when the war started, only for it to bounce 19% starting in late March, more than making up its losses. The index is now up 10.7% for the year, which if it held would make for the fourth consecutive year of double-digit stock increases.
Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds
The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%. The annual Social Security trustees report, which gauges these timelines, is expected to be released this month.
How pandemic car shortages are still making new and used cars expensive
The shockwaves of the Covid-19 pandemic are still hitting the U.S. car market and pushing prices up, even for exceptionally old cars. The pandemic dealt a severe blow to the total supply of new cars, which has rippled down to the used market. About 8 million vehicles that would have been made for U.S. buyers during those years never were, largely due to production shutdowns and supply shortages, said Jeremy Robb, chief economist for Cox Automotive.
New study reveals how much increased costs from Trump’s Iran war have hit your household
New study reveals how much increased costs from Trump’s Iran war have hit your household Economists warn the financial strain will weigh heavily on middle and lower-income families - Bookmark - CommentsGo to comments The military conflict in Iran has cost U.S. households an estimated $100 billion overall, driven primarily by a sharp increase in energy costs following the closure of the Strait of Hormuz, a new study from Moody’s Analytics found. The analysis indicates that the financial...
US Consumer Price Index up 4.2%
An official website of the United States government Transmission of material in this release is embargoed until 8:30 a.m. (ET) Wednesday, June 10, 2026 USDL-26-0824 Technical information: (202) 691-7000 * [email protected] * www.bls.gov/cpi Media contact: (202) 691-5902 * [email protected] CONSUMER PRICE INDEX - MAY 2026 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent on a seasonally adjusted basis in May, after rising 0.6 percent in April, the U.S. Bureau of...
LA Hotels hit by largest job losses in a decade as 'Olympic Wage' mandates bite, data shows
The Los Angeles hotel industry is shedding jobs at its steepest rate in a decade outside the pandemic, according to a new analysis of federal labor data, as local businesses struggle to stay afloat under some of the most aggressive minimum wage mandates in the country. An analysis by the Employment Policies Institute (EPI) of newly released U.S. Bureau of Labor Statistics (BLS) figures revealed that Los Angeles County's hotel and motel sector lost 1.7% of its workforce in December 2025...
Q&A: Why are white-Black marriage rates so low?
Q&A: Why are white-Black marriage rates so low? Lisa Lock Scientific Editor Robert Egan Associate Editor Americans rarely marry outside of their race or class in a nation where residential segregation is relatively common. It is a dynamic widely viewed as a contributing factor to income inequality and intergenerational social mobility.
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
Over recent weeks, Parker Taylor reached a grim milestone in his work history. The 29-year-old had been employed consistently since he was a teen, first on a factory floor and most recently in medical sales. But the St. Petersburg, Florida, resident hasn't been able to start a new gig after losing his job shortly before the 2025 Thanksgiving holiday.
In deeply red Oklahoma, minimum wage’s biggest 2026 election cycle fight is about to be decided
Efforts to raise the minimum wage have been a winner across U.S. states in recent years, with popular support from voters across both political parties. Right now, it's a deeply red state that is in the throes of a heated battle over the issue, and it's heading to the polls in less than a month as part of midterm elections primary season. A ballot measure for the mid-June primary in Oklahoma — State Question 832 — would hike the state minimum wage from $7.25, where it's stood since 2009, to...