Many economists would agree that the official U.S. unemployment rate is an inadequate measure of actual labor market conditions. Although this is one of the most cited pieces of data on the economy as a whole, not many people understand how this indicator is calculated and who is and – more importantly – who isn’t included in it. The latest data, which found that joblessness fell from 6.7% in December to 6.3% in January, shows why.

The struggles that afflicted the job market since the viral pandemic tore through the economy nearly a year ago are keeping a tight lid on hiring

The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.

The U.S. labor market lost jobs in December for the first time in eight months, while women and workers of color continue to bear the brunt of job losses as the coronavirus pandemic rages across the U.S.Unemployment for women and Hispanic workers rose in December for the first time in eight months,…

WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is...

The unemployment rate doesn't tell the whole story. We talked to a panel of economists to find out what other measures can shed light on whether we're in a short-term crisis — or the start of a long recession.

The FOMC targets an inflation rate of 2%. What does it mean to have an inflation target? And why target a positive number and not zero?

Focus on the value created, not just the prices paid.

The consensus of professional forecasters is that U.S. real GDP growth will dip below 2% in 2020.

The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.

BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady...

Traditionally, employers question big gaps in work history.

Venezuela has been in the news for sometime with its economy spiralling out of control with the inflation rate last year at 100,000% – doubling roughly once a month. The occurrence of hyperin…

U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.

How much more expensive are basic staples than they were 10 years ago? This infographic tracks grocery prices for 30 common items like cheese, fruit, and eggs.

Tuition, other school fees, and childcare costing $20 in 1978 is equivalent to $260.09 in 2020.

The COVID-19 pandemic and resulting economic contraction is hurting Michigan more than many other states, according to a new survey from Comerica Inc.Regional economists at the Dallas-based bank report that Michigan's GDP fell at an annualized rate of 41 percent in the second quarter. During the…

Weekly tallies of jobless claims were not meant to be treated as an economic indicator. The pandemic has exposed the shortcomings of doing so.

As state legislators contemplate the future of unemployment benefits, the health of Michigan's economy hangs in the balance. Michigan's quick recovery, largely thanks to the automotive sector working double time after two months of lost production, has stalled out. Jobs posts remain well…