Economics

As housing costs continue to rise, the research team at Today’s Homeowner examined recent data to better understand how mortgage payments compare to incomes across the country.

What if racial and gender gaps did not exist in the labor market? Our Labor Market Equity Simulation estimates GDP gains for every US state.

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An alcohol-fueled fungus has sparked a dispute between a Tennessee community and the famous Jack Daniel's distillery.

LONDON (AP) — When European Union chief Ursula von der Leyen visited Britain last week, some joked on social media: Can you please bring us some tomatoes?

Described as a sister to Thin Mints with a raspberry flavor, Raspberry Rally is the first online exclusive cookie.

The Commerce Department has been raising eyebrows with the requirements in its subsidy program for microchip manufacturers.

A recent study published in the journal Sleep suggests that the simple act of wearing an eye mask to block out light while sleeping can improve cognitive function the next day. In two experiments, the researchers found that participants who slept with an eye mask showed enhanced episodic memory encoding and alertness the following day. ...

Fewer people are getting married, and marriage is happening later.

China has set an official economic growth target of "around 5%" for 2023, as it seeks to revive the world's second-largest economy after a year of tepid growth because of pandemic measures.

Roughly half of all zippers in the world are stamped with these letters. Find out what YKK zippers are and what the YKK means.

We crunched prices from thousands of pizza places around the country. The results convinced us we should never buy a small pizza again.

Cold weather in Southern Europe and empty Dutch greenhouses due to high energy bills have resulted in empty vegetable shelves in the Netherlands. Tomatoes, peppers, cauliflowers, and avocados are in short supply - and their prices have risen accordingly, the Telegraaf reports.

The racial wealth gap refers to the difference in assets among different racial and ethnic groups, reflecting resource and opportunity disparities.

The fungus reportedly doesn’t harm humans or bother Pedro Pascal.

California has already received twice the average snowfall it normally sees by March, according to researchers at UC Berkeley.

In 2022, women earned an average of 82% of what men earned, according to a new analysis of median hourly earnings of full- and part-time workers.

The Biden administration is working to prevent Chinese apps from gathering Americans’ data.

WASHINGTON (AP) — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.

This century has seen divergent price movement. Many consumer goods are cheaper, while critical categories like health and education have skyrocketed.

Today, Payscale Inc., the leading provider of compensation data, software and services, released the results of its flagship survey, the 2023 Compensation Best Practices Report (CBPR), shedding light on the ongoing power struggle between employees and employers.

Unused gift cards are costing us more than we think, but retailers don't mind.

The average cost of a 2023 wedding is expected to be $29,000 as vendors say inflation is forcing them to raise their prices, according to data from Zola.

Multiplayer mode on… Microsoft is trying to win friends and influence people. The Xbox maker struck deals to share its gaming treasures with...

Thursday’s the new Friday?... The four-day workweek is #trending. Driving the hype: one of the largest trials of a four-day workweek ever conducted....

Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.

The “Housing Theory of Everything” describes how the current housing shortage is the root cause of many other issues we face: from wealth inequality, lower productivity and lower birthrates to climate change and obesity.   EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.     The Headline The housing shortages and skyrocketing housing costs in the US have appeared in the headlines and our weekly reading lists over the past year or more. This is true around the world.

Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates.