The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…
Employers across the U.S. are likely to face sharply higher health insurance costs next year, which could drive up how much workers pay for medical coverage, according to a recent survey. Health benefits consulting firm Marsh projects that the total health benefit cost per employee, which measures both employer and employee premium contributions, will rise…
U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
With the burgeoning El Niño now forecast to intensify significantly in the coming months, the “supersized” climate event will likely have an outsized impact on severe weather around the world, fueling heat, drought and flooding, among other extremes, the United Nations warned Thursday. “El Niño is being supersized before our eyes,” U.N. Secretary-General António Guterres said…
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves “will substantially lower Gas Prices for all Americans, long into the future.” With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way. Don’t hold your breath, energy…
America’s aging population and the rising incidence of chronic health conditions such as heart disease, cancer and diabetes are projected to create millions of healthcare and social assistance jobs over the next decade, according to new government labor data. Employment in the sector is projected to grow 9.5%, adding 2.2 million jobs, from 2025 to…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on “Face the Nation with Margaret Brennan” on Aug. 23, 2026. MARGARET BRENNAN: For more on what’s next for the American economy, we’re joined by Neel Kashkari, President and CEO of the…
With U.S. inflation easing for two consecutive months, older Americans and other Social Security recipients may see a smaller cost-of-living adjustment for 2027 than was forecast earlier this year, according to two new estimates published Wednesday. The 2027 COLA is now projected at 3.6%, based on the July Consumer Price Index figures released on Wednesday,…
July was “a wild weather month,” setting a record as the warmest month ever for the contiguous United States, the National Oceanic and Atmospheric Administration said Monday. Temperatures last month averaged 76.9 degrees Fahrenheit as above-average warmth blanketed the U.S., and several locations in Idaho, Utah, Wyoming and Montana saw all-time high temperature records since…
