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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
Congress has restarted the Paycheck Protection Program, which ended on August 8. The most detailed data yet reveals where the initial run of the program allocated money compared to job loss, demographics, and COVID-19. This is the first of a two-part series.
In 2019, the US homeownership rate was 64.6%. Among Black Americans, it was 42.1%.
With the $600 unemployment boost ending, state unemployment insurance is unable to cover middle-class spending for food, transportation, and rent in over half the country.
All 50 states and Washington, DC added jobs in June, but employment is still down in most states compared to June 2019.
1.7 million hospitality and construction jobs returned amidst states reopening.
Data shows that certain groups have been more affected by job loss than others.
While older Americans generally have more in assets than other age groups, COVID-19 presents unique income challenges.
The average price of goods overall declined 0.8% from March to April. However, average prices for food staples rose 2.6%.
According to data from the Bureau of Labor Statistics (BLS), about 527,000 people were employed by the animal slaughtering and processing industry in May 2019.
The CARES Act set aside funds to help small businesses. But there are many definitions of a small business.
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