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News Articles: Economy

Brad Gist, 30, works with Liam Levinson, 28, during a lab for a 10-day semiconductor course at Chandler Gilbert Community College in Mesa, Ariz., on Oct. 11, 2023.

Tagged as: 

  • Politics

Biden has big plans for semiconductors. But there's a big hole: not enough workers

President Biden has $52.7 billion to invest in U.S. semiconductor manufacturing plants. But there's a big shortfall in workers for the new jobs.

December 19, 2023
|
By:
  • Asma Khalid
Inflation has cooled significantly in recent months, yet many people are still paying more for a lot of things. That's because easing inflation doesn't actually mean prices are falling — it just means prices are rising more slowly. And that's a good thing for the economy.

Tagged as: 

  • Economy

Inflation has cooled a lot. So why do things still feel so expensive?

Inflation has cooled significantly recently, but you may still find yourself paying more at the grocery store. What gives? Here's a primer on what easing inflation actually means.

December 16, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Energy

The tough economics of getting hard-to-find minerals for electric vehicle batteries

America's only cobalt mine opened last year to great fanfare, as the mineral is crucial for green energy. But it surprisingly closed just months later.

December 15, 2023
|
By:
  • Stacey Vanek Smith
A portion of Jervois Global's Idaho Cobalt Operations mine near Salmon, Idaho Oct. 7, 2022

Tagged as: 

  • Economy

Cobalt is in demand, so why did America's only cobalt mine close?

America's only cobalt mine opened last year to great fanfare, since the mineral is crucial for green energy. But it surprisingly closed months later.

December 14, 2023
|
By:
  • Stacey Vanek Smith and
  • Eric Whitney
Federal Reserve Chair Jerome Powell speaks during a news conference after the central bank's policy meeting at the Federal Reserve in Washington, D.C., on Nov. 1, 2023. The Fed kept interest rates unchanged on Wednesday, but projected they would be able to lower them next year.

Tagged as: 

  • Economy

The Fed is probably done raising interest rates and could cut them next year

The Federal Reserve held interest rates steady on Wednesday, amid signs of easing inflation. The central bank signaled that its benchmark borrowing rate may start to fall next year.

December 13, 2023
|
By:
  • Scott Horsley
Ben Ayers

Tagged as: 

  • News

Georgia economy headed for ‘soft landing’ in 2024

The economic growth Georgia experienced this year will slow down in 2024 but not enough to cause a recession, the dean of the Terry College of Business at the University of Georgia said Monday.

December 12, 2023
|
By:
  • Dave Williams
A man pumps gas in Alhambra, Calif., on Oct. 2, 2023.

Tagged as: 

  • Business

Inflation continues to moderate thanks to a big drop in gas prices

Consumer prices rose 3.1% in November from a year ago, marking a more moderate pace of inflation thanks in large part to falling gasoline prices.

December 12, 2023
|
By:
  • Scott Horsley
A high speed Brightline train pulls into the station in Fort Lauderdale, Fla. in September. Federal spending could establish similar rail service between Atlanta and Charlotte.

Tagged as: 

  • Economy

Federal cash for trains includes promises to plan for Georgia lines

Billions of dollars in spending for passenger rail announced Friday by the Biden administration includes the possibility of high-speed rail between Atlanta and Charlotte, N.C.

December 11, 2023
|
By:
  • Grant Blankenship
President Biden speaks during an event in Washington in October arguing for his administration's "Bidenomics" agenda. But Biden has struggled to convince voters his agenda is helping.

Tagged as: 

  • Analysis

The economy is a trouble spot for Biden despite strong signs. Here's why

Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.

December 09, 2023
|
By:
  • Domenico Montanaro
Lael Brainard speaks as President Joe Biden listens during an announcement in Nov. 2021.

Tagged as: 

  • Business

How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

December 08, 2023
|
By:
  • Ari Shapiro,
  • Alejandra Marquez Janse,
  • and 1 more
GPB  NPR

Tagged as: 

  • Economy

Labor Department releases November jobs report

U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month.

December 08, 2023
|
By:
  • Steve Inskeep and
  • Scott Horsley
A person works at Ford's Rouge Electric Vehicle Center in Dearborn, Mich. on Sept. 20, 2022. U.S. employers created 199,000 jobns last month, higher than in October, in part as UAW workers returned to work after a strike against the Big Three automakers.

Tagged as: 

  • Business

The labor market stays robust, with employers adding 199,000 jobs last month

U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.

December 08, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Africa

People can do more with lump sum of money than payments, experiment in Kenya suggests

The first results are in from a charity experiment in Kenya. Those who got a lump sum of money were far more likely to start a business — and earn more — compared to those who got monthly payments.

December 05, 2023
|
By:
  • Nurith Aizenman
President Joe Biden and Chinese President Xi Jinping walk together after meeting in November.

Tagged as: 

  • Politics

The U.S. supports China's growth if it 'plays by the rules,' commerce secretary says

China's president says success for the U.S. and China can be mutually beneficial. U.S. Commerce Secretary Gina Raimondo says that the reality is a bit more complicated than that.

December 05, 2023
|
By:
  • Mary Louise Kelly,
  • Elena Burnett,
  • and 1 more
GPB  NPR

Tagged as: 

  • Europe

Sushi in Ukraine: Life (and the consumer economy) continues through 2 years of war

Sushi restaurants are still open all over Ukraine. It's a small example of how the country's consumer economy continues despite nearly two years of war.

December 04, 2023
|
By:
  • Nathan Rott
  • Load More

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