US Economy News

Unemployment rates, inflation, GDP. Making sense of the most relevant economic indicators can be daunting. The Balance not only keeps you updated, but helps you understand what to watch for while navigating these uncertain times.
WASHINGTON, DC - JUNE 23: Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System testifies before the House Committee on Financial Services June 23, 2022 in Washington, DC. Powell testified on monetary policy and the state of the U.S. economy.
Fed Fights Inflation With Second Super-Sized Rate Hike
Parent and child shop for school supplies.
Back-to-School Shopping May Cost Up to 18% More in 2022
A person looks at paperwork.
44% of US Adults Are Not Financially Ready for Recession
A man at a furniture store takes a photograph of a dining room table.
Your Shopping in June Helped Boost Retail Sales by 1%
Woman sitting in front seat of car leaning out window grabbing keys from someone else
Is Your Leased Car Actually a Gold Mine?
Custom illustration of person holding layoff paperwork against a background of a line graph with dollar signs
Will Your Job Be a Victim of the Fed’s War on Inflation?
SOUTH BURLINGTON, VERMONT - JUNE 20: Shoppers look at a fresh vegetables display June 20, 2022 at the Market 32 Supermarket in South Burlington, Vermont. Prices for food in 2022 have increased nearly 10% since the same period in 2021.
Why You Saw Bigger Bills in June: Inflation Rose to 9.1%
Young man buying vegetables in grocery section at supermarket.
You Might Want To Brace for Worse Inflation This Year
Two women are talk in a business meeting in an office, surrounded by papers and in front of a laptop. One of them is pointing at the computer screen while the other types.
Strong June Jobs Report Might Ease Your Recession Worries
People waiting in unemployment ling
How Bad Will the Next Recession Be?
An employee sits in front of a monitor in an open-concept office building.
Shoppers Lose Resilience as They Face Off Inflation
A couple looks at a mortgage application together.
Mortgage Applications Increase, Keep an Eye on GDP
Senior couple looking at bills
Faith in Economy’s Future Sinks to a 9-Year Low
A couple tours an empty home with a real estate agent.
Consumer Confidence Takes a Dive, Home Prices Rise
A man works on a jet turbine.
High Prices Drove Up Orders for Big-Ticket Items in May
WASHINGTON, DC - JUNE 23: Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System testifies before the House Committee on Financial Services June 23, 2022 in Washington, DC. Powell testified on monetary policy and the state of the U.S. economy.
Why Does Raising Rates Slow Inflation?
Two people hold tablets as they work in a manufacturing factory.
Mortgage Rates, Manufacturing Looking Like 2008
Woman at gas station
Gas Prices Are Easing, but Don’t Expect Them To Plunge
Family looking at house under construction
New Home Construction Takes Double-Digit Tumble
Custom photo montage showing restaurant manager and figurative symbols of the U.S. worker shortage.
Empty Shelves? Long Waits? Blame the Labor Shortage
WASHINGTON, DC - JUNE 15: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 15, 2022 in Washington, DC. Powell announced that the Federal Reserve is raising interest rates by three-quarters of a percentage point, the highest rate hike in 28 years.
Fed Intensifies Inflation Fight With Outsized Rate Hike
Customer and Worker in Shop
Retail Sales Fall As Inflation Dogs Consumers
Illustration of people reacting to financial setbacks caused by inflation
No Relief in Sight as Inflation Heats Up to 8.6% in May
Four people sitting in a row, waiting in office.
Unemployment Claims Edge Upward, But Remain Low
Woman paying with credit card at gas pump
Up Again? Gas Prices Rise at Fastest Pace in Months
Real estate broker with clients
Home Prices Up Again As Buyers Lock in Last Low Rates
A senior couple sits at a dining table, using a laptop computer with paperwork and bills on the table.
Higher-Priced Basics Eat 70% of Social Security Checks
Service Engineer explaining to Businessman about the HVAC system ( Heating, Ventilation and Air Conditioning ) in control room shopfloor of factory.
Job Market Maintains Momentum Despite Headwinds
Software engineer explaining to controlling robotic welding process to welder in factory.
Private Sector Hiring Slows, Jobless Claims Stay Low
Man filling gasoline fuel in car at gas station
High Gas Prices Turn Off Motorists, Driving Down Demand
Man Using Computer At Home Office
Job Openings Dip, But So Do Layoffs
Couple with real estate agent
Home Prices Increased at Historic Level Again in March
Father and daughter eating lunch in a diner.
As Consumers Keep Spending, Inflation Eases Slightly
Senior woman, engineer-technician, is operating complex equipment on electrical dispatching station, checking system status, and adjusting parameters of the power grid.
First-Quarter GDP Slid a Bit More Than First Reported
Young family look around a new house with an estate agent.
New Home Sales Plunge to 2-Year Low
Captain steering tug into port
Seeing Is Believing: Supply Chains Remain Tangled
Realtor visiting senior couple at home.
Home Sales Drop for Third Month Amid Rising Rates
Woman sitting on sofa looks out window with worried expression.
Homebuyers, Builders Hold Off as Mortgage Rates Rise
Shopping with trolley cart in warehouse.
Coming Soon to a Big Box Store Near You: More Inflation
Petroleum oil refinery engineer worker in oil and gas industrial with personal safety equipment PPE to inspection follow checklist by tablet.
Loss of Refineries a Factor in High Gas Prices
People eat outside during the lunch hour at a restaurant on Pennsylvania Avenue in the Capitol Hill neighborhood on May 21, 2021 in Washington, DC.
Retail Sales Rise Again, Despite Higher Prices
Traveler doing check-in at airport before international business travel
Inflation Rate Slows to 8.3% in April
Man Filling Up Gas Tank
Gas Prices Break New Record After Brief Reprieve
Client in store with electric gardening tools
Inflation Rate Finally Seen Slowing (a Tad)
Custom illustration featuring a figurative depiction of a female worker and job applications.
Economy Adds 428,000 Jobs, Chugs Toward Full Recovery
Figurative custom illustration of the Federal Reserve walking a tightrope.
Federal Reserve Uses Entire Arsenal on Inflation
Colleagues discussing at desk in creative office.
Private Sector Has Slowest Hiring Month of Pandemic Era
Sales clerk scanning grocery items on flatbed scanner at store checkout counter with customer standing by at the counter.
Earning the Federal Minimum Wage Is Worth 17% Less Now
Couple reading paperwork in new house.
Home Prices March Higher; Job Openings Hit Record Again
Engineers discuss at a CNC machine
Labor Shortages Slowing Growth, Manufacturers Say
Chef preparing food for customers.
If Your Pay Rose Faster Than Prices, You’re Lucky
Woman Looking At Blouse While Out Shopping
Measure of Core Inflation Improves Slightly
Image of laptop screen with the words 'Release of Reserves' being searched
Oil Dictionary: Your Guide to the Jargon
Custom illustration showing a figurative chart line with photo images of cash, an ATM, a soldier on top of a tank, and grocery aisles.
Economy Shifts Into Reverse as GDP Declines 1.4%
Kitchen staff preparing food
Some Low-Wage Workers Are Staying Ahead of Inflation
Man with Coffee Mug and Laptop
Houses Got Pricier Again in February
Woman looking concerned at gas pump
Gas Prices Are Already Ticking Back Up
Engineer and Welder in Factory
Jobless Claims Stay Low, Mortgage Rates Climb
Woman Making Purchase at Store
Inflation Takes a Toll on Retail Sales
Young woman refueling her car at a gas station.
Gas Prices Were Actually Higher in the Past