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Economy

What do people think causes inflation?

by Daniel Ackerman
Jun 12, 2024
A survey reveals the general public doesn't always agree with economists on what causes higher prices.
"People have a very valid lived experience that just sometimes doesn't align with our official statistics," said Harvard economist Stefanie Stantcheva.
Kena Betancur/Getty Images
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What does “seasonally adjusted” mean, anyway?

by Daniel Ackerman
Jun 5, 2024
It’s one of those terms we hear attached to economic data all the time. But what is seasonal adjustment and how is it done?
It could appear that there's a recession each January because of the drop in seasonal workers, like mall Santas, after the holidays. Hence the importance of seasonally adjusting data.
Jon Cherry/Getty Images
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Child care costs are a big part of why Americans feel inflation still stings

by David Brancaccio and Alex Schroeder
May 29, 2024
Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Women are working slightly less since 2019, and the extra time is devoted mostly to child care or elder care, said Diane Swonk, chief economist at KPMG.
Sean Gallup/Getty Images
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Shelf Life

Inflation and politics have always been connected

by Carola Binder
May 21, 2024
Rising costs have long been a concern for Americans. What's changed is how the government intervenes in prices, economist Carola Binder writes.
"The return of inflation was not only, or even primarily, an academic concern. It was, even more, a social and a political one," economist Carola Binder writes in her book "Shock Values."
Frederic J. Brown/AFP via Getty Images
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The number of publicly traded companies in the U.S. is in decline. Here's why that matters.

by Daniel Ackerman
May 13, 2024
When fewer companies are public, it limits our understanding of what’s happening in the economy.
The number of publicly listed companies has been nearly halved since the '90s.
Michael M. Santiago/Getty Images
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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

by Kai Ryssdal and Sean McHenry
May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
Saul Loeb/AFP via Getty Images
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How GE made history: a look back at an iconic conglomerate

by Sabri Ben-Achour
May 8, 2024
In April, General Electric split itself up to focus on wind power, aerospace and health care. Its finance and media divisions are long gone.
A General Electric employee viewed rows of wind turbine parts in 2021. GE was an "incredible industrial company and built truly incredible things," reporter Ted Mann said.
Sebastien Salom-Gomis/AFP via Getty Images
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Small businesses see wage pressure easing

by Justin Ho
May 1, 2024
While the labor market is still tight, some owners aren’t feeling like they need to hike pay as much as they did earlier in the pandemic.
According to the Labor Department, wage gains have been slowing for the past two years.
Kameleon007/Getty Images
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Breaking Ground

CHIPS funds are heading to Phoenix, “ground zero for the new economy”

by Kai Ryssdal , Heather Long and Maria Hollenhorst
Apr 30, 2024
An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
Brendan Smialowski/AFP via Getty Images
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While El Salvador is turning around its reputation for crime, its economy still struggles

by Jane Chambers
Apr 23, 2024
El Savador's President Nayib Bukele took on gang violence by introducing a state of emergency in 2022. The country is now safer, but its economy is struggling to grow.
Above, people buy vegetables in a market in in San Salvador, El Salvador, in October.
Aphotografia/Getty Images
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