For older Americans, the cost of poverty is 9 years of life, study finds
Low-income older Americans on average die nearly a decade earlier than wealthier people, a new analysis finds.
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Low-income older Americans on average die nearly a decade earlier than wealthier people, a new analysis finds.
The number of unemployed people looking for work more than six months has surged to its highest level since 2021.
Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.
Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
The latest employment data could inform the Federal Reserve's next rate decision meeting, set for Sept. 17.
Most Americans say prices are going up and expect them to keep going up.
The number of immigrant workers has declined from January through the end of July, preliminary Census data shows.
The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists find.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
Gov. Gavin Newsom is open to giving California public employees a temporary break on his return-to-office mandate.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
Washington state and Oregon forest and fire officials say Trump funding cuts make wildfire prevention planning a challenge.
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
