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Small businesses see wage pressure easing

May 1, 2024
While the labor market is still tight, some owners aren’t feeling like they need to hike pay as much as they did earlier in the pandemic.
According to the Labor Department, wage gains have been slowing for the past two years.
Kameleon007/Getty Images

CHIPS funds are heading to Phoenix, “ground zero for the new economy”

An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
Brendan Smialowski/AFP via Getty Images

While El Salvador is turning around its reputation for crime, its economy still struggles

Apr 23, 2024
El Savador's President Nayib Bukele took on gang violence by introducing a state of emergency in 2022. The country is now safer, but its economy is struggling to grow.
Above, people buy vegetables in a market in in San Salvador, El Salvador, in October.
Aphotografia/Getty Images

Sober times for China's wine sellers

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

Workers used to earn about two-thirds of the income their labor generates. Now, it's just over half.

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

America's CEOs are feeling good, KPMG survey finds

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

More immigration means gains for U.S. economy, CBO says

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

For public good, not for profit.

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

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

Biden uses State of the Union speech to tout his economic track record

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

Business economists expect a soft landing in 2024

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