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Economy

Here’s why unemployment claims hit their lowest level since 1969

Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021.ANDREW CABALLERO-REYNOLDS | AFP | Getty ImagesClaims for unemployment benefits dipped to their lowest point in more than 50 years the week before Thanksgiving — a remarkable rebound...

Home price gains slow down for the first time since May 2020

Daniel Acker | Bloomberg | Getty ImagesHome prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up.Home prices rose 19.5% in September year over...

Pending home sales rebounded sharply in October, despite rising mortgage rates

A single family home is shown for sale and in escrow in San Marcos, California.Mike Blake | ReutersBuyers came roaring back to the housing market in October, even as mortgage rates rose.Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September,...

Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation

WASHINGTON -- President Joe Biden hosted the CEOs of several major retailers at the White House on Monday to discuss administration efforts to tackle global supply chain bottlenecks, and to reassure Americans that goods will be on shelves for the holidays.Joining Biden in...

The current inflation run is similar to other episodes in history, but with important differences

A customer's groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021.David Paul Morris | Bloomberg | Getty ImagesCritical supply chains are choked off. Demand soars. Prices surge and everyone starts freaking out about inflation and...

Not since Americans came home from World War II has inflation run through the economy like it is now

Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021.Mike Blake | ReutersNot since Americans came home from World War II has inflation percolated through the U.S. economy like it...