Economic Indicators

U.S. economic growth was revised slightly higher in the final months of 2021, helping the nation record its best year for growth in nearly four decades before the omicron variant dampened consumer spending.

The U.S. economy is facing the worst labor shortage in close to a century, according to new research, raising the prospect of prolonged higher-than-usual inflation.

Experts and lawmakers sound the alarm on how conflict between Ukraine and Russia poses threats of a cyberattack and surging food prices.

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.

The number of Americans filing for unemployment benefits unexpectedly ticked up last week, despite elevated business demand for workers and easing omicron cases nationwide.

U.S. consumers accelerated their retail spending in January as COVID-19 cases eased nationwide, even as they confronted the hottest inflation in four decades.

The Biden administration is telling Congress that it needs an additional $30 billion to press ahead with the fight against COVID-19, officials said.

Inflation surged to a new 40-year high in January. This comes as the Federal Reserve is expected to raise interest rates next month to combat inflation levels.

Wholesale prices likely accelerated again in January as strong consumer demand and pandemic-related supply-chain snarls continued to fuel the highest inflation in decades.

The average American is shelling out an extra $276 a month because of the highest inflation in four decades, according to a new Moody's Analytics analysis.

The New York Federal Reserve said Monday that Americans' inflation fears declined for the first time in over a year in January, although concerns over rising prices remained near a record-high level.

U.S. consumer confidence plunged to an 11-year low in early February, reflecting heightened concerns among Americans about hotter-than-expected inflation and the skyrocketing price of everyday goods.

Goldman Sachs now sees the Federal Reserve hiking interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle hotter-than-expected inflation.

The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.

American households are grappling with the steepest price increase in four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.

Inflation notched another four-decade high in January, as strong consumer demand and pandemic-related supply-chain snarls fueled rapid price gains that wiped out the benefits of rising wages for most Americans.

President Biden signed an executive order requiring project labor agreements, or agreements with labor organizations, for all federal construction projects over $35 million.

The U.S. economy added jobs at a surprisingly rapid pace in January, with restaurants and bars leading the way in hiring as consumers brushed off a record-breaking spike in COVID-19 infections.

The Labor Department's January jobs report provides a snapshot of the labor market last month, shedding light on how the omicron variant affected the economy.

Sen. Rand Paul released a report that digs into rising inflation, saying it's "only going to get worse" from here.