Income & Output
Income & Output Articles
Approximately 12 million new jobs will be created between 2020 and 2030, a growth rate of nearly 8%, according to the U.S. Bureau of Labor Statistics. Employment growth will be led by new jobs in...
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Big cities are the hallmark of American society, each embracing different music, sports teams, and art, culminating in a distinct culture for each metropolis. The way of life these cities offer...
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The Big Mac has been on the menu of McDonald’s, the largest fast-food chain in America, since 1967. It is the most famous sandwich in American cuisine. Back in 2007, on the sandwich’s 40-year...
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Is the rate of inflation rising or falling? Good question. The January consumer price index, a closely watched measure of inflation, was not encouraging. After several months in which the pace of...
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Inflation is back. Or maybe it never went away. The January consumer price index was up 6.4% year over year, only slightly lower than the 6.5% climb in December. Further, prices in January were 0.5%...
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This Presidents Day, many Americans remember the commanders in chief, especially those who shaped our country’s future in its early days. George Washington and Abraham Lincoln were born this month,...
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The U.S. economy expanded at a faster rate than expected in the third quarter of 2022, with real gross domestic product growing at an annualized rate of 3.2%, rebounding from a 0.6% contraction in...
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The idea of basic universal income – where the government pays each citizen a certain amount at a regular interval – has been around for decades, but picked up steam during the pandemic. Quite...
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Having a baby is expensive. Long before the delivery itself, there are doctor visits, tests, scans, and more. After the delivery, a pediatrician needs to examine the newborn and follow its...
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Finally, inflation seems to be under control. The consumer price index for December dropped by 0.1% from November, which was the largest dip since April 2020. Inflation rose year over year by 6.5%...
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After months during which the U.S. economy was under siege by inflation, the December consumer price index fell 0.1% from November. The number seems small, but it is the largest drop since April...
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There are more than 700 million people on Earth who live in extreme poverty, according to the World Bank. That figure, calculated by the world bank, represents the number of people around the world...
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The amount of debt accumulated by the United States government has ballooned in the last 100 years – from an inflation-adjusted $409 billion in 1922 to $30.9 trillion 2022. The last time the...
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The United States is frequently referred to as the richest country on earth. The basis for this is the country’s gross domestic product, or GDP. At last count, the U.S. has a GDP of about $23...
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The November consumer price index, released by the Bureau of Labor Statistics, showed that the pace at which prices of goods and services is rising was 7.1% year over year. Compared to the last...
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