Economic Indicators

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.

Sunday's meeting had been expected to convene in Vienna, Austria. OPEC's statement didn't mention if the group would convene online or in person on Nov. 30.

Initial claims for state unemployment benefits dropped 24,000 to a seasonally adjusted 209,000 for the week ended Nov. 18, the Labor Department said on Wednesday.

Food insecurity continues to rise because the cost of living increases squeeze millions of Americans, forcing them to make hard decisions on where to allocate their funds.

The national average for a gallon of gas is steadily declining. If both gas demand and oil prices stay low, drivers can anticipate additional decreases in pump prices leading up to Thanksgiving.

The resumption of student loan payments is hitting consumers hard, forcing them to cut back on holiday expenses. Teachers are feeling a particular strain and considering moving jobs.

A recent survey by Socure shows not saying you received a package when you did now cost U.S. merchants and financial institutions over $100 billion a year while driving inflation.

Although economists noted that we have avoided a recession in 2023, we are not out of the woods yet. There are risks to the global economy that could create tensions in the workplace.

Several economists warned President Biden that the 2024 election would be very close as voters were still sour on the president's handling of the economy.

Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.

A new report by the Transparency Foundation says middle-class families are facing a particular hardship in California because of the high cost-of-living expenses.

Over 30% of wealthy homebuyers in September bought a home in all cash, allowing them to avoid interest. Rates are still hovering just under 8%, a high not seen in two decades.

Airbnb made changes to its reviews and ratings page to ensure users know what to expect when booking. It's among a slate of changes the company made in response to feedback.

Bed Bath & Beyond.com CEO Jonathan Johnson said the company invested $150M to launch the brand, reignite the customer profile and ensure it maintained its core customers as it begins trading on the NYSE.

Gas prices have edged lower amid weaker gas demand and declining oil prices. Thousands of gas stations in the U.S. are now selling unleaded gasoline for below $3 a gallon, according to AAA.

There is one reason economic growth has beaten long-term predictions to date.

The U.S. economy is likely to face more headwinds heading into the final months of the year, but the chances of a deep recession are not in the cards, according to the NABE.

Workers are already facing an onslaught of headwinds from persisting inflation and high borrowing rates. On top of it, some employers are considering holding back on raises next year.

Although gas prices declined and demand weakened this week, the pace was slow. The speed at which prices are falling is being held up by the cost of oil, according to AAA.

The costs of farmland and feed for livestock have increased, making it difficult for family farmers to maintain their low prices of animal products, including meat and milk.