Economy articles

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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Gas Prices
Economy
Gas prices are up, but are they at an all-time high?

Gas prices dropped to $1.95 a gallon in April 2020. By July 2021, they were $3.14 a gallon.

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Economy
How did the child tax credit change over time?

The American Rescue Plan temporarily increased the child tax credit per child and expanded eligibility for lower income families. Now the credit is back to pre-pandemic levels.

More Americans are quitting their jobs. Here are the industries and states impacted.
Economy
More Americans are quitting their jobs. Here are the industries and states impacted.

Leisure and hospitality had the highest quit rate, while government had the lowest. The Northeast maintains the lowest quit rate in the country.

The leisure and hospitality sector and government drove July job growth.
Economy
Employers added 943,000 jobs in July as the unemployment rate declined

Leisure and hospitality, government, education, and healthcare fueled job growth. The unemployment rate dropped to 5.4%.

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Economy
How long does it take for a person earning $15 an hour to make enough to cover the average family’s expenses?

INTERACTIVE: The average US family spent $62,746 before taxes in 2018.

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Economy
New business applications increased more in 2020 than the past 15 years combined

New online stores are driving an increase in retail applications.

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Economy
GDP grew 6.5% last quarter

GDP exceeded the level seen in the fourth quarter of 2020 for the first time since the pandemic began.

25 states added jobs in June, the biggest monthly increase since Aug. 2020
Economy
25 states added jobs in June, the biggest monthly increase since Aug. 2020

National unemployment rate increased from 5.8% to 5.9%, 40 states maintained a stable rate compared to May.

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Economy
Population growth has outpaced home construction for 20 years

Home construction is increasing since the Great Recession but still down 55% from 2006.

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Economy
How US housing prices changed during the pandemic

The price increases account for 19% of increasing value since 1991.

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