Economic Indicators
Automobiles restrain U.S. consumer spending, monthly inflation slowing
U.S. consumer spending slowed in July as a decline in motor vehicle purchases due to shortages offset a rise in outlays on services, supporting views that economic growth will moderate in the third quarter amid a resurgence in COVID-19 infections.
Salary Inflation Calculator
Is your salary keeping up with inflation? This is an online salary inflation calculator that gives you an answer. You can use our wage inflation calculator to determine if your wage is keeping pace with inflation. How does the salary inflation calculator work? Let’s see how this calculator works with an example. Let’s say the …
US consumer prices rose in July but at slower pace
WASHINGTON (AP) — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households.
U.S. job growth surges most in 10 months, jumping past forecast
U.S. job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity.Nonfarm payrolls increased by 850,000 last month and the unemployment rate edged up to 5.9 percent,…
Inflation ahead? Even a top economist says it's complicated
WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation.
Exclusive: Pandemic could cost typical American woman nearly $600,000 in lifetime income
It's not just the loss of current income during the COVID crisis that will hurt millions of women financially, but also reduced future earnings and retirement benefits that will likely follow. As one economist put it, women may "eat the cost of the pandemic for the rest of their working lives."
Median PCE Inflation
The median PCE is a measure of inflation computed by the Federal Reserve Bank of Cleveland. It ranks the components of inflation and picks the one in the middle as the measure of the longer-term trend in prices. Its construction makes it less sensitive to short-lived price fluctuations, thereby capturing the trend in prices. Released monthly.