Economics

TOKYO (AP) — The official price tag for the Tokyo Olympics in $15.4 billion, which a University of Oxford study says is the most expensive on record. What else could those billions buy? The ballpark figure for building a 300-bed hospital in Japan in $55 million.

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.

Data show average fares were at a record in July despite an improvement in the pandemic-driven shortage of drivers.

Molly Doyle stretches her shoulder as she preps a syringe of Versed — a brand of midazolam drug engineered to sedate patients for medical procedures. The pediatric dentist is prepping for her first of three procedures for the day. This one is the last four of 12 crowns on a 4-year-old child…

Our everyday routines changed over the past year, and with the 2020 American Time Use Survey, we can see by how much.

Countries that used to treat Covid-19 like the plague are starting to think of it more like new seasons of American Idol—just a fact of life

This site introduces economists to innovative teaching strategies developed both within and beyond the discipline of economics. It provides instructors with the tools to begin integrating and assessing these teaching strategies in their own classrooms and promotes the sharing of teaching innovations among instructors.

Earlier this year, the Dearborn automaker announced it was increasing its investments in electrification to $30 billion through 2025.

We've seen this scripted act of fiction before. Every year at this time, so-called "experts" from biased, politically motivated think tanks release a report concluding it is time to call "cut" on film, TV, and streaming program tax credits nationwide, as a columnist did in the July 26 issue of…

Have some patience for that neighbor with the unkempt grass this summer — it could be the supply chain disruptions of the past year just won't get off their lawn.Supply chain woes, from lawn and garden equipment to the global computer chip shortage afflicting the auto industry, continue to…

Report says fewer students -- especially low-income and minority students -- are filling out the form.

Average wages for nonmanagers at restaurants and bars hit $15 an hour in May, but many say no amount of pay would get them to return. They are leaving at the highest rate in decades.

Hazard pay changed the lives of California grocery store employees during the pandemic and may have begun a long-term shift for lower-wage workers.

GDP per capita is one of the best measures of a country's standard of living. This map showcases the GDP per capita in every country globally.

#CrainsForum

#CrainsForum

San Francisco has among the strongest tenant protections in the country, which encourages tenants to hang on to apartments as market prices go up.

Sales of masks surged 24% for the week ended Tuesday. Analysts expect the sales to jump even more after the updated CDC guidance

The 6.5% annual growth rate last quarter fell below forecasts, showing there are still some mustard stains on the economy’s T-shirt

EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. Compared with the federal poverty line and the Supplemental Poverty Measure, EPI’s family budgets provide a more accurate and complete measure of economic security in America. The Family Budget Map offers a view of cost of living for a two-parent, two-child family across the United States at the county level.

Traditionally, finance textbooks have taught the concept of arbitrage through a number of disparate examples often presented in different sections or chapters. ...

Motherboard spoke to economists and historians about why fast food and retail workers around the country are suddenly quitting en masse.

How currency debasement, soaring costs, and overtaxing helped lead to the collapse of Ancient Rome's economy and empire.

And elite universities deserve a huge share of the blame.

Measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart.

Economists love to talk about the role of competitive markets, but markets aren’t always that competitive. Biden's latest Executive Order is an attempt to correct that.

Only a mile and a half from the nearest CVS Pharmacy, Deborah Hurst received the first dose of a Pfizer vaccine last week sitting at a computer desk at her home in Lincoln Park, the midsummer sun peeking through the rear sliding door. The 68-year-old retired school teacher finally received the…

The 18-month drop, the steepest decline since World War II, was fueled by the coronavirus pandemic.