Rent, utilities rose faster than home values for first time in a decade
New data from the 2023 American Community Survey also showed that nearly half of renter households spent more than 30 percent of their income on housing costs.
By Rachel SiegelAtlanta Fed president violated trading rules, inspector general finds
The report on Raphael Bostic marked the latest revelation in a series of trading issues to rock the institution.
By Rachel SiegelHousehold incomes rose last year for the first time since 2019
Household incomes rose last year for the first time since 2019, but the poverty rate also went up.
By Abha BhattaraiInflation was higher in metros with greater 2020 Trump support
Metros that had more votes for Trump in 2020 have experienced higher inflation since then. Here’s why and what that means for this election.
By Alyssa FowersWork Advice: Office ‘conversation hogs’ talk back
In response to a recent column on overtalkers at work, readers offer observations and solutions from their own workplaces.
By Karla L. MillerCalculate how much more mortgages will cost as interest rates rise
See the difference in monthly costs between a typical mortgage signed today and one signed just a few months ago.
By Chris AlcantaraMeet one of America’s newest union leaders: Brooke Shields
Brooke Shields became president of the 51,000-member Actors’ Equity Association this year, with plans to use her celebrity to put money into actors’ pockets.
By Lauren Kaori GurleyWork Advice: How to handle a coworker who hijacks conversations
How can you speak honestly about an interrupter’s irritating habit without being hurtful?
By Karla L. MillerTechnical error caused jobs data delay that sparked outrage, BLS says
The jobs revision delay is just the latest in a series of mishaps that Wall Street and Washington critics say threaten to undermine faith in the agency.
By Lauren Kaori Gurley and Rachel SiegelSmall grocers feel squeezed by suppliers, and shoppers bear the pain
Independent grocery stories, often lifelines in small, rural communities, try to scrape by on smaller margins while bigger rivals get better deals from wholesalers.
By Jaclyn PeiserFed Chair Powell: ‘The time has come’ for interest rate cuts
At the Jackson Hole Economic Symposium, Jerome E. Powell hinted at upcoming Fed interest rate cuts due to easing inflation and a cooling job market.
By Rachel SiegelCanadian government ends major railway stoppage, ordering arbitration
Canada’s two largest railroads shut down early Thursday in response to a labor dispute, jeopardizing deliveries of crucial supplies.
By Lauren Kaori GurleyMarkets and households eagerly await Powell’s hints about Fed rate cut
Jerome Powell's Jackson Hole speech will offer the clearest clue yet about what the Federal Reserve plans to do with interest rates at its September meeting.
By Rachel SiegelLabor market was weaker than previously reported in big fix to jobs data
The economy created 818,000 fewer jobs than previously reported in the year ending in March, according to data released Wednesday by the Bureau of Labor Statics.
By Lauren Kaori Gurley and Rachel SiegelLooming Canadian railroad work stoppage threatens U.S. supply chains
Canada’s two largest railroads plan to lock out Teamsters members as soon as Thursday, halting the delivery of cars, grains, timber, petroleum products and other critical goods into the U.S.
By Lauren Kaori GurleyFor Pa. presidential bellwether, inflation is just the latest challenge
In Erie — a bellwether county that voted for Obama, Trump and Biden — inflation is just part of the reason why voters don’t trust politicians on the economy.
By David J. LynchHarris to meet with Teamsters, as candidates compete for union voters
The powerful transportation union is also expected to have a presence on the stage at the Democratic National Convention in Chicago next week
By Lauren Kaori GurleyJD Vance says he’s ‘pro-family.’ Many women say the economy isn’t.
For millions of Americans, the economic and financial toll of raising a family increasingly weighs on one of the most personal life choices.
By Rachel SiegelSurprise jump in retail sales casts aside recession fears
Americans are still spending big — on cars, appliances and furniture — in a surprise burst of activity that’s propelling the U.S. economy and helping shake off fears of an impending downturn.
By Abha BhattaraiWhat’s happening with grocery prices?
Vice President Kamala Harris is poised to unveil a proposal on “price gouging” for food and groceries.
By Rachel Siegel