US Economy News and Headlines
US Economy News and Headlines
US Economy Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
U.S. consumer price index is projected to jump 1% in March, the strongest monthly gain since 2022, driven by roughly $1‑per‑gallon gasoline price spikes linked to the Iran conflict. Core CPI, which strips out food and energy, is expected to rise 0.3% month‑over‑month, while the core personal consumption expenditures index likely increased 0.4% in February, indicating persistent inflationary pressure. The data, combined with a tight labor market, suggest the Federal Reserve will keep interest rates unchanged and delay any rate‑cut cycle. Meanwhile, central banks worldwide are largely on hold as energy‑price shocks ripple through economies.
U.S. economists are now labeling the post‑pandemic recovery an “E‑shaped” economy, where the middle class forms the central bar of the letter while the upper and lower tiers diverge upward and downward. The model builds on the earlier K‑shaped narrative...
A new report from the Postsecondary Education and Economic Research Center finds that graduate degrees in traditionally "AI‑proof" fields such as psychology and education generate negative cost‑adjusted returns, with psychology at –8% and clinical psychology at –5%. Even high‑earning majors...
Representative Henry Cuellar introduced the American Consumer Tariff Rebate Act of 2026, a House proposal that would issue direct payments of roughly $1,000 to $2,000 to eligible U.S. households. The legislation aims to offset an estimated $231 billion in consumer costs...
The White House’s FY 2027 budget proposal slashes the Health and Human Services (HHS) discretionary budget by $15.8 billion, a 12.5% cut from FY 2026. The National Institutes of Health would see funding drop $5 billion to $41 billion, and several agencies—including the National Institute...
The White House unveiled its FY27 budget request, calling for $2.2 trillion overall with a 44% boost to national defense spending. Non‑defense outlays are slated to shrink by 10%, including a 26% cut to the Department of Labor’s $9.9 billion budget and...
U.S. manufacturing employment rebounded in March, adding 15,000 jobs—a 400% year‑over‑year increase after earlier losses. The transportation equipment and fabricated metal products sectors drove most of the gains, while the chemical industry posted the largest decline. Unemployment in manufacturing rose...
Chief economics correspondent Ben Casselman explains that the U.S. labor market is caught in a "low‑hire, low‑fire" cycle, where hiring has stalled even as job openings stay elevated. Unemployment hovers around 3.7% while the quits rate dropped to a decade‑low...
The U.S. labor market posted a modest rebound in March, with nonfarm payrolls rising by 178,000 after a revised February loss of 133,000 jobs. The unemployment rate slipped to 4.3%, while job gains were led by healthcare, construction, and transportation...
The Federal Reserve’s March outlook projects the U.S. economy to grow at roughly 2% annually through 2028, with inflation hovering near 2.5% and unemployment edging toward 4.0%. At the same time, the latest consumer confidence index slipped below 60, marking...
The March 2026 jobs report showed employers added 178,000 positions, pulling the unemployment rate down to 4.3%. Health‑care led the gains with 76,000 jobs, while wage growth slowed to a 3.5% annual pace, barely keeping up with inflation. Federal employment...
The Bureau of Labor Statistics reported that truck‑transportation employment fell to 1,464,100 jobs in March, the lowest level since December 2017. The three‑month series—January 1,465,600, February 1,464,900, March 1,464,100—shows a steady decline, erasing pandemic‑era gains. This figure is down 27,300 jobs...
Apollo chief economist Torsten Slok predicts a "Nike swoosh" recovery for the U.S. economy, citing a three‑month average of 68,000 jobs—well above the Federal Reserve’s 10,000 break‑even threshold. He points to three emerging tailwinds: accelerated AI‑related data‑center spending, an industrial...
The U.S. construction sector added 26,000 jobs in March, lifting year‑over‑year employment by 57,000 positions, a 0.7% increase. Nonresidential construction drove the bulk of the gain, contributing 12,200 jobs across building, specialty trade, and heavy civil categories. The industry’s unemployment...
The March jobs report showed the unemployment rate slipping to 4.3% as non‑farm payrolls rose by 178,000, outpacing expectations. February’s employment figures were revised down to a loss of 133,000, highlighting volatility in recent labor data. Wage growth eased to...
