Global Food Prices Rise for Ninth Straight Month
Economic Indicators
The Biden Economy Risks a Speeding Ticket - The New York Times
The administration’s proposed $1.9 trillion stimulus package may be too much for safety, an economist says.
Will the Biden Stimulus lead to Inflation?A Conversation with Paul R. Krugman and Lawrence H. Summers | Bendheim Center for Finance
Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily
Powell said he expects some inflationary pressures in the time ahead but they likely won't be enough to spur the central bank to hike interest rates.
Should You Be Worried About Inflation? Short Answer: Probably Not
Many economists agree that runaway inflation isn’t a major concern, at least in the short term
Food inflation expected to beef up meat prices
There are signs that the food inflation that's gripped the world over the past year is about to get worse
U.S. labor market struggling, but light at the end of tunnel | Reuters
The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring.
Consumer price index (CPI) January 2021
U.S. consumer prices rose moderately in January and underlying inflation remained benign as the pandemic continues to be a drag on the economy.
Why the Fed’s New Inflation Strategy Matters
Women's labor force participation rate hit 33-year low in January 2021
Another 275,000 women left the labor force in January.
US long-term interest rates hit highest in a year on stimulus impact | Financial Times
Thirty-year bond yield rises to 2% on expectations that government support will fuel price rises
Latest jobs report shows why the unemployment rate needs fixing - Phil Davis
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.
Explainer: 5 key takeaways from the January jobs report
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
U.S. Economy Slows Sharply As Pandemic Resurges : NPR
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.
US Economy Contracted 3.5% in 2020
U.S. women, workers of color bear brunt of December job losses
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,…
U.S. Economy Loses 140,000 Jobs to Close Out Worst Year Since 1939
World Bank sees subdued recovery in 2021 and plenty of risk
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...
How the Economy Is Actually Doing, in 9 Charts - The New York Times
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.
Lack of job growth
Why the Fed Targets a 2% Inflation Rate | by St. Louis Fed | St. Louis Fed | Medium
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?
How Should We Measure the Digital Economy?
Focus on the value created, not just the prices paid.
Forecasters See Lower U.S. GDP Growth in 2020 as Headwinds Continue | St. Louis Fed
The consensus of professional forecasters is that U.S. real GDP growth will dip below 2% in 2020.
U.S. Is Officially In Recession. How Long Will It Last? : Coronavirus Updates : NPR
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.
US retail sales jump 7.5% in June, but economy still ails
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...
How will employers perceive long-term unemployment now? - Marketplace
Traditionally, employers question big gaps in work history.
Hyperinflation – can be controlled with a different government. | econfix
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…
3rd-Quarter GDP Is A Blockbuster But There's Not Much To Celebrate : NPR
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.
Infographic: A Decade of Grocery Prices for 30 Common Items
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 price history from 1978 through 2020
Tuition, other school fees, and childcare costing $20 in 1978 is equivalent to $260.09 in 2020.