Unemployment benefits and Obamacare subsidies outpace median income in several states, study finds
The labor force participation rate was 62.1% last month, notably lower than the 63.4% mark it was at before the coronavirus pandemic struck the United States in March 2020.
The labor force participation rate was 62.1% last month, notably lower than the 63.4% mark it was at before the coronavirus pandemic struck the United States in March 2020.
How Federal Reserve’s series of rate hikes could affect your finances
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
US lawmakers announce 'framework' on bill to avoid government shutdown
Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.
Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.
Fed raises key interest rate by half a point, signals more to come
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.
US inflation slowed to 7.1% over past 12 months
This is the fifth straight month with a slowdown.
This is the fifth straight month with a slowdown.
These US states are raising minimum wage in 2023, with 4 above $15
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
States issue inflation-relief payments, including Illinois and Indiana
States are also offering expanded tax credits.
States are also offering expanded tax credits.
House passes bill to avert railroad strike, impose deal on unions
If an agreement wasn't reached before a Dec. 9 deadline, the unions threatened to strike -- which would have devastating effects on the U.S. economy.
If an agreement wasn't reached before a Dec. 9 deadline, the unions threatened to strike -- which would have devastating effects on the U.S. economy.
Inflation relief checks going to residents in these states. See if you qualify
With inflation running near the highest level in 40 years, Republican and Democratic leaders in some states are offering stimulus payments to residents.
With inflation running near the highest level in 40 years, Republican and Democratic leaders in some states are offering stimulus payments to residents.
First Lady Dr. Jill Biden kicks off National Apprenticeship Week in Chicago
The first lady spent Monday afternoon in Chicago and the suburbs to highlight the Biden-Harris Administration's push to strengthen the economy and build pathways to jobs through apprenticeships, career-connected learning and community colleges.
The first lady spent Monday afternoon in Chicago and the suburbs to highlight the Biden-Harris Administration's push to strengthen the economy and build pathways to jobs through apprenticeships, career-connected learning and community colleges.
US consumer inflation slowed to 7.7% in October
Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday.
Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday.
Federal Reserve raises interest rate by three-quarters of a point
The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.
The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.
Aldi matching 2019 Thanksgiving prices
From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.
From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.
US diesel supplier warns businesses to prepare for shortages, higher prices for consumers
The company suggests being aware of tank levels and not 'panic buying' fuel.
The company suggests being aware of tank levels and not 'panic buying' fuel.
Social Security benefits to rise by record amount in 2023: Check how much money you could receive
More than 64 million Americans collecting Social Security will receive the bigger payments beginning in January, the administration said.
More than 64 million Americans collecting Social Security will receive the bigger payments beginning in January, the administration said.
Chicago Boat Show will return to McCormick Place this winter
After a two-year hiatus, the Discover Boating Chicago Boat Show is returning to McCormick Place.
After a two-year hiatus, the Discover Boating Chicago Boat Show is returning to McCormick Place.
IRS inflation adjustment could lower your tax bill in 2023
The changes are meant to help Americans whose earnings haven’t kept up with the increased cost of living.
The changes are meant to help Americans whose earnings haven’t kept up with the increased cost of living.
Biden to release up to 15 million barrels of oil from strategic reserve
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.
Social Security benefits to jump by 8.7% in 2023
The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.
The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.
US inflation accelerated in September, keeping pressure on households
Consumer prices rose 8.2% in September compared with a year earlier.
Consumer prices rose 8.2% in September compared with a year earlier.