The US unemployment rate hit 4.2% in November, a remarkable drop from the 14.8% peak reached in April 2020. Some analysts say this is the best market for job seekers ever: There are more than 11 million job openings in the US, compared to only 6.9 million people who are unemployed and looking for work.

Households around the world saved an excess $3 trillion in savings, bringing the total to $6 trillion globally.

88 of the top 100 cities in the U.S. showed fewer jobs in October 2021 compared to February 2020, the New York Fed Reserve found in data released Friday.

In case you haven’t heard … prices? They’re higher these days. That’s not terribly surprising, given the global supply chain debacle, but it turns out a once-in-a-lifetime pandemic has an impact, too. Dozens of countries have experienced inflation since the onset of the pandemic, and the United States has one highest rates. Today, we look at how the U.S. approach to addressing inflation differs from other countries around the globe. We’ll also take a trip to a warehouse to see its role in the global supply chain, hear how the Great Resignation isn’t necessarily benefitting everyone and celebrate jobless claims that haven’t been this low since the Beatles were together.

From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis af...

Bad things lead to more bad things. But (some) bad things can be fixed.

From BofA: We look for growth of 7.0% qoq SAAR in 3Q ... We forecast retail sales fell by 2.3% mom in July, reflecting cooling service dema...

Matt is joined by economist Julia Coronado to talk about inflation, markets, and employment in the pandemic recovery economy. They discuss housing, new and used car markets, and possible strategies toward achieving full employment.

We document that Black-owned businesses tend to be more credit constrained than White-owned ones, leading to lower firm employment.

Lenders extended a record number of auto loans and leases in March and issued more general-purpose credit cards than any other March on record.

Friday's jobs report, and a slew of other data, shows going big and going early works.

Historically, bull markets rarely happen in the form of a smooth line, up and to the right.

The US economy added 850,000 jobs in June, a noticeable pickup from the average of 546,000 jobs over the previous three months and much faster than the pace in the three months before that. This still leaves the economy 9 million jobs short of its trend.

The BEA released the Personal Income and Outlays report for May: Personal income decreased $414.3 billion (2.0 percent) in May according...

From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 1st Quarter 2021 Real gross domes...

Business applications were the highest on record in 2020—up 24 percent from the previous year. We document five key business formation trends we observed in the data.

How long could U.S. interest rates hover near zero? This 200-year chart puts rates into context, as the Federal Reserve projects no change until 2023.

Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.

The City Observatory is a study of modern-day cities and urban development practices.

Personal income decreased $3.21 trillion (13.1 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $3.22 trillion (14.6 percent) and personal consumption expenditures (PCE) increased $80.3 billion (0.5 percent).

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent.

The total balance sheet for households and nonprofits rose to $136.9 trillion in the first quarter, a 3.8% gain from the end of 2020

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The inequalities Black women face have been a drag on both their bank accounts and on long-term economic growth for everyone– and were only exacerbated by COVID-19.