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Economy

Sober times for China's wine sellers

by Jennifer Pak
Apr 17, 2024
Having once enjoyed vibrant growth, China's wine industry is being held back by trade barriers, changing tastes and a flagging economy.
A shelf of wines from France, Argentina and New Zealand in a Shanghai retail shop. Wine imports have declined, and exporters are frustrated.
Charles Zhang/Marketplace
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Workers used to earn about two-thirds of the income their labor generates. Now, it's just over half.

by Nancy Marshall-Genzer
Apr 12, 2024
The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.
Even though workers' slice of the pie is shrinking, the U.S. economy is growing, so they're getting a smaller slice of a bigger pie.
Chip Somodevilla/Getty Images
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America's CEOs are feeling good, KPMG survey finds

by David Brancaccio and Meredith Garretson
Apr 11, 2024
And 72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year.
72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year, according to a new KPMG survey.
fizkes/Getty Images
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More immigration means gains for U.S. economy, CBO says

by David Brancaccio , Chris Farrell and Alex Schroeder
Apr 10, 2024
The agency's estimates that immigrants will add $7 trillion to gross domestic product over the next decade.
Immigrants have filled jobs that employers had struggled to find workers for, according to the Congressional Budget Office.
Robert Nickelsberg/Getty Images
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Economic Perceptions/Economic Reality

How political ads try to shape the way we feel about the economy

by Kimberly Adams
Apr 3, 2024
Campaigns and advocacy groups may spend up to $17 billion on ads in 2024. Many pitches will focus on the local and the personal.
According to Tess McRae of the Parkside Group, successful messaging for incumbents will highlight smaller ways people’s lives have improved — like lower gas prices.
Jim Watson/AFP via Getty Images
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Biden uses State of the Union speech to tout his economic track record

by Nancy Marshall-Genzer
Mar 8, 2024
He cited job growth and cheaper drugs for seniors, among other things.
During the State of the Union address on Thursday, President Joe Biden touted the strong labor market the U.S. has seen under his presidency.
Shawn Thew - Pool/Getty Images
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Business economists expect a soft landing in 2024

by Mitchell Hartman
Feb 26, 2024
The National Association for Business Economics' latest forecast predicts higher economic growth and lower unemployment.
“Over the past quarters, the prospects for a recession seem to get smaller, prospects for a soft landing larger," said Mervin Jebaraj at the University of Arkansas.
Angelia Weiss/AFP via Getty Images
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Election 2024

Health care tops list of voters' economic worries

by Mitchell Hartman
Feb 22, 2024
While inflation is moderating, some health-related costs are still climbing.
Health care affordability and inflation are top concerns for voters this year.
Alex Wong/Getty Images
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In Taiwan's election, young voters focus on inflation, wages and war

by Jennifer Pak
Jan 12, 2024
The U.S. and China loom large over Taiwan's presidential and legislative elections on Jan. 13, but so do domestic bread-and-butter issues.
A man wearing a Team Taiwan jacket from the governing DPP party takes a photo of a group of supporters at a political rally in central Taipei.
Jennifer Pak/Marketplace
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2024 economic forecasts bring optimism and uncertainty

by Nancy Marshall-Genzer
Jan 3, 2024
Fairly low unemployment, gradually slowing inflation and continued economic growth are all positive signals. But there are risks too.
“Rather than cautiously optimistic, I’d say we’re optimistically cautious,” said Vanguard's Andrew Patterson of 2024's economic outlook.
Spencer Platt/Getty Images
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