Economy

Two studies have found that the nation’s housing availability and affordability crisis is expected to worsen significantly following the pandemic.

The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023.

More than 4 million people say they fear being evicted or foreclosed upon in the coming months just as two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.

"Even the vegetables. I'm paying, you know, $3 to buy a package of lettuce. It's kind of difficult," said Chris Rowlan of Pacheco.

The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.

As the housing market stays heated, concerns of a housing bubble are beginning to surface. But experts say it's still a good time to buy a home.

Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.

The IRS says it is sending more than 2.8 million refunds to those who paid taxes on unemployment compensation that is now excluded as income.

President Joe Biden said the latest jobs report leaves room for optimism. However, economists were disappointed with the latest numbers.

U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.