Economy

The Labor Department said Wednesday the producer price index tumbled 0.5% in October, evidence that price pressures in the economy are beginning to abate.

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.

Millions of American workers have received a 3.32% pay cut since President Biden took office in January 2021, thanks to the ongoing inflation crisis.

The ongoing strike by the Portland Association of Teachers has kept about 45,000 students in Portland Public Schools out of the classroom since Nov. 1.

A Thanksgiving feast for 10 people (with some leftovers) will be slightly cheaper this year compared to 2022 as turkey prices are more affordable heading into the holiday.

Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or even done with hiking interest rates.

Inflation cooled more than expected in October, but prices for many necessities like food and rent remained high last month, Labor Department data shows.

Retailers planned conservatively ahead of the 2023 shopping season so they don't git hit with excess inventory and forced to offer extra sales to get rid of products.

Massachusetts lawmakers heard testimony from supporters of a four-day workweek Tuesday while considering a bill that would incentivize companies who implement it.

The Labor Department released the closely-watched October consumer price index report on Tuesday, revealing just how hot inflation was running last month.

Democrat-led cities like Houston, Portland, Seattle and Minneapolis saw the lowest foot traffic recovery in their downtown areas since the COVID pandemic, data shows.

Small business owners said in a recent survey they are not feeling optimistic about the current economic environment as they continue to grapple with inflation and labor struggles.