What's Really Happening with the US Economy?

Once again, confusion reigns over the Strait of Hormuz. President Donald Trump promised again this week that the vital shipping lane will open "very soon". The problem is that the US is not negotiating directly with Iran. Tehran is speaking to Oman, and says a deal on the Strait ...  Show more

After a tight race with moderate Haley Stevens, progressive Abdul el-Sayed is now officially the Michigan Democratic Senate primary winner. The contest has been an enormously expensive one, with the candidates' stances on Israel a central issue in the campaign. But while el-Sayed ...  Show more

Unemployment in the United States is near record lows, wages are growing quickly, and spending in the service sector is increasing as the pandemic lulls.But there's also some worrying news: more job openings than people who want to fill them, global economic uncertainty stemming ...  Show more

For many Americans, the government’s monthly jobs number was a pretty dull statistic — until a few days ago, when President Trump angrily fired the person responsible for producing it, the commissioner of the Bureau of Labor Statistics.

Now, from Washington to Wall Stree ...

Why is the economic recovery from the pandemic so uneven? Why are companies finding it hard to hire? And why are the prices of used cars surging?

Recent economic reports have commentators scratching their heads. We dig into the theories behind this strange moment for the ...

Trust in experts is down. In all kinds of institutions and professions - in government, in media, in medical science... and lately, economists are feeling the burn acutely. In fact, President Trump just fired the economist who ran the Bureau of Labor Statistics, accusing her – wi ...  Show more