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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ECONOMY 07 Minimum Wage Jobs Employment Worker Bars Pink
Economy
Where does America’s coffee come from?

Aside from a small fraction grown in Hawaii, all of America’s coffee comes imported from countries like Colombia, Brazil, and Switzerland.

ECONOMY 17 Small Business Openings Closings Jobs Bars Blue
Economy
How many Black-owned businesses are there in the US?

In 2021, the US had 161,031 Black-owned businesses, with more than a quarter operating in healthcare and social assistance.

CRIME 13 Justice Gavel Court Law Sentence Map USA State Pink
Economy
How much money do lawyers make?

Lawyers in the US earn a median annual wage of nearly $136,000. Although they are not among the twenty highest-paying occupations, they still earn well above the 2022 median income of $60,070.

ECONOMY 17 Small Business Openings Closings Jobs Bars Blue
Economy
Is there a labor shortage in the US?

In December 2023, there were 2.76 million more open jobs than unemployed people.

Dairy consumption article share image
Economy
Are Americans moving on from dairy?

Milk production in the US has almost doubled since 1975, but people drink nearly half as much milk as back then.

DEFENSE & VETERANS 02 Army Veteran Military Soldier Enlisted Line Down
Economy
How many military spouses are employed by the federal government?

Military spouses, 90.3% of whom are women, are more likely to be unemployed than the general population.

Population 05 Elderly Couple Retirement Wealth Line Up Blue
Economy
Is the American labor force getting older?

More and more older Americans are working later in life. Factors like increased life expectancy and decreased savings rates may play a role.

TRANSPORTATION & INFRASTRUCTURE 09 Space Moon Astronaut NASA Bars Up
Economy
What is the economic value of the US space industry?

The economic contributions of the space industry grew 17% between 2012 and 2021.

ECONOMY 10 Home Housing Prices Sales Mortgage Line Up Blue
Economy
Homeownership is rebounding, particularly among younger adults

From 2016 to 2022, the homeownership rate grew more for people under 35 than any other age group.

ECONOMY 12 Employment Industry Construction Crane Job Worker Bars Up Blue
Economy
How many people work in the trades?

Material moving was the most common trade job in 2022, employing 7.9 million people.

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