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Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.
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Current selection: Economy
Tax bills in the US are lower now than in 1988 for all but the top 1% of income earners.
US debt outstanding was at $30.3 trillion at the start of April 2022.
Energy and transportation goods and services increased the most in price compared with a year ago, but they have a limited effect on the Consumer Price Index.
Gas and oil prices were increasing prior to the invasion of Ukraine
Consumer spending habits plus trucking and shipping issues lead to pressures on the supply chain.
An update of 2021 data revealed a job market seemingly unaffected by the Delta and Omicron variants
In 2022, the US boasted an energy workforce of 8.12 million people, indicating a sizeable contribution to the national employment landscape.
The unemployment rate fell to 3.9%. And hourly earnings are still climbing.
Unemployment and hourly wages decrease as inflation and quits rate increase.
In 2021, post-holiday job losses were lower than seasonal hiring for the first time in 11 years.
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