Income & Output
Income & Output Articles
People who thought inflation would start to taper off were astonished by the June consumer price index. It showed that prices rose 9.1% from the same month in 2021. This was the largest jump since...
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Inflation, as measured by the U.S. Bureau of Labor Statistics Consumer Price Index Summary, jumped 9.1% in June compared to June of 2021. The number was higher than in any month since November 2008,...
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More than 40 million Americans live below the poverty line, and of those facing such financial hardship, children are disproportionately affected. Nearly 12.6 million children under age 18 live in...
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With many states reporting record-low unemployment rates, the U.S. labor market may be the tightest it has ever been. As a result, workers are empowered to seek out higher-paying jobs, and every...
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The Equal Pay Act of 1963 is a federal law that prohibits pay discrimination on the basis of gender. The EPA is an amendment to the Fair Labor Standards Act and was enacted to rectify pay inequity...
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With job openings surging and unemployment at 3.6%, the U.S. labor market, by some estimates, is the tightest it has ever been. In this environment, Americans are quitting their jobs at a historic...
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An estimated 2.1 million people work for the U.S. federal government. About a third of them are involved in the daily administrative grind of running the world’s largest economy in the third-most...
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The United States is large enough that even what defines wealth varies greatly from place to place. (How wealthy was the 1% each year since 1976.) For example, it takes a median annual household...
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Inflation is surging at a historic pace in the United States. Goods and services are 8.3% more expensive, on average, than they were at this time last year. In most of the country, rising prices are...
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The United States has arguably been, for generations, the best place to build a business empire. The country is home to by far the most billionaires than any country on Earth, with 735, according to...
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After a long week of work, many Americans spend their weekend pursuing a hobby. Hobbies can include creating things, collecting items, or engaging in some form of physical activity. Hobbies can be...
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About 38 million people around the nation – one in eight Americans – faced food insecurity in 2020, according to Feeding America. Food insecurity isn’t the same as hunger (though the two often...
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Food insecurity, defined by the USDA as the lack of consistent access to enough food to lead a healthy, active life, is a major issue facing America today. In fact, food insecurity is present in...
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