Oct 10 Social Security cost-of-living increase will help millions of kids and their caretakers By Fatima Hussein, Associated Press Coupled with a decline in the Medicare Part B premium, the Social Security boost will put more money in the hands of the 70 million Americans who receive benefits, including the growing number of grandparents caring for their grandchildren. Continue reading
Jul 28 Labor market still considered strong after weeks of mixed jobless benefit numbers By Matt Ott, Associated Press Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months. Continue reading
Jul 28 U.S. economy shrinks for 2nd straight quarter By Paul Wiseman, Associated Press The United States economy contracted at a 0.9% annual pace last quarter, raising fears that the nation may be approaching a recession. Continue reading
Jul 27 Watch 6:48 Federal Reserve raises interest rates amid stubbornly high prices and recession concerns By Paul Solman, Tommy Walters, Ryan Connelly Holmes The Federal Reserve raised interest rates significantly again Wednesday in a bid to put the brakes on inflation. The economy is no longer running nearly as hot as it did last year, but Fed Chair Jerome Powell said it was… Continue watching
Jul 23 Watch 5:48 The economic impacts of unchecked climate change By Ali Rogin, Andrew Corkery, Kaisha Young Around the world, the ravages of climate change are evident in record-high temperatures, floods, fires and other natural disasters. In the U.S., President Biden is taking executive action to address the climate crisis, citing climate change as both a national… Continue watching
Jul 21 High mortgage rates, prices discourage buyers and chill housing market By Ken Sweet, Michael Casey, Alex Veiga, Associated Press Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. Continue reading
Jul 21 Average national 30-year mortgage rate hits 5.54% By Matt Ott, Associated Press Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate. Continue reading
Jul 21 U.S. jobless claims hit 8-month high By Matt Ott, Associated Press The number of Americans applying for unemployment benefits last week rose to its highest level in more than eight months, a sign the labor market may be showing some weakness. Continue reading
Jul 13 Watch 5:45 Soaring costs drive inflation increases above expectations Inflation in the U.S. is the highest in four decades and new numbers out Wednesday show no signs of letting up. The Labor Department reported consumer prices jumped 9.1 percent from last year. Gas prices, furniture, clothing, healthcare, groceries and… Continue watching
Jul 08 How the ongoing national tampon shortage may worsen period poverty By Marni Sommer, The Conversation A severe shortage of tampons alongside sharp price increases have sparked concerns that lower-income women may have difficulty accessing menstrual products. Continue reading