Follow the latest Economy news, videos, and analysis from ABC News.
November 24, 2023, 12:30 PM
Millennials priced out of homeownership are feeling the pressure
Millennials have said homeownership has become virtually impossible, and real estate experts say that's because of a perfect storm of factors.
November 24, 2023, 12:30 PM
November 22, 2023, 3:10 PM
U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency
The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates
November 22, 2023, 3:10 PM
November 22, 2023, 1:43 PM
More Americans are expected to 'buy now, pay later' for the holidays. Analysts see a growing risk
Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells
November 22, 2023, 1:43 PM
November 22, 2023, 1:05 PM
Kroger, Walmart CEOs say Thanksgiving food is cheaper, still time to save and thaw the turkey
The cost of a complete Walmart Thanksgiving dinner will be lower this year than last, according to Walmart U.S. president and CEO John Furner.
November 22, 2023, 1:05 PM
November 22, 2023, 8:39 AM
More Americans are living paycheck to paycheck
A new survey from Lending Club finds 60% of Americans say they are living paycheck to paycheck, with many blaming stubborn prices for everyday essentials like groceries and housing.
November 22, 2023, 8:39 AM
November 16, 2023, 5:18 PM
U.S. applications for jobless claims rise as labor market begins to show some signs of cooling
More Americans filed for jobless claims last week, and while the labor market remains broadly healthy, there have been recent signs that it may finally be cooling
November 16, 2023, 5:18 PM
November 16, 2023, 4:47 PM
How students facing potential loan debt should approach choosing a school
According to the Federal Reserve, students owe $1.77 trillion in student and federal loan debt with monthly payments ranging between $200 and $300.
November 16, 2023, 4:47 PM
November 15, 2023, 7:40 PM
US retail sales fall for 1st time since March
Retail sales dipped a 10th of a percent in October, the first decline since March, but still better than expected.
November 15, 2023, 7:40 PM
November 15, 2023, 1:36 AM
What you need to know about the economy and inflation
ABC News chief business correspondent Rebecca Jarvis discusses the new inflation rates, and the latest state of the economy and inflation.
November 15, 2023, 1:36 AM
November 14, 2023, 8:31 PM
White House reacts to economy, climate report
ABC News’ Somara Theodore & Mary Bruce talk about the White House’s response to an economic meeting and a newly released climate report.
November 14, 2023, 8:31 PM
November 14, 2023, 5:02 PM
Inflation cooled significantly in October, offering relief for consumers
Inflation has cooled significantly, offering relief for consumers as prices rose 3.2% over the year ending in October.
November 14, 2023, 5:02 PM
November 14, 2023, 4:08 PM
All eyes on October inflation report
The consumer price index increased 3.2% in October compared to a year ago.
November 14, 2023, 4:08 PM
November 13, 2023, 6:55 PM
What happens if the government shuts down ahead of Thanksgiving
House Speaker Mike Johnson has a plan to avoid a government shutdown. But if the rest of Washington doesn't agree, here's how a shutdown could impact your holiday plans.
November 13, 2023, 6:55 PM
November 12, 2023, 5:58 PM
IRS reports some changes for 2024
ABC News’ Alexis Christoforous joins "GMA" to break down how IRS changes could save you some money.
November 12, 2023, 5:58 PM
November 11, 2023, 5:39 PM
Moody's change US credit outlook to 'negative'
The U.S. is downgraded in the outlook of the country's financial health by a major credit rating firm as another government shutdown looms.
November 11, 2023, 5:39 PM
November 7, 2023, 8:26 PM
What caused the WeWork bankruptcy, and why does it matter?
Shares of WeWork's stock plummeted more than 98% this year ahead of the company recently declaring bankruptcy.
November 7, 2023, 8:26 PM
November 7, 2023, 5:17 PM
Grocery stores are battling for your Thanksgiving dollar
As deals drop for your Thanksgiving dinner, ABC News’ Becky Worley shares the rewards and strategies grocery stores are using to get your attention and money.
November 7, 2023, 5:17 PM
November 7, 2023, 3:42 PM
Economy top of mind for voters in 2023 Election Day
At least 37 states head to the polls on Tuesday and the economy and inflation are top issues for Americans, according to a new ABC News/IPSOS poll.
November 7, 2023, 3:42 PM
November 3, 2023, 6:52 PM
Job market shows signs of losing momentum. Here's what it means.
Hiring in October fell by half from a month prior.
November 3, 2023, 6:52 PM
November 3, 2023, 3:34 AM
The Biden administration pushes for more US-Latin America trade, seeking to lessen Chinese influence
President Joe Biden is trying to increase trade with Latin America
November 3, 2023, 3:34 AM
November 2, 2023, 9:58 PM
Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak
The reduction of is part of a broader corporate review, the company says.
November 2, 2023, 9:58 PM
November 2, 2023, 4:19 PM
Hold the olive oil! Prices of some basic European foodstuffs keep skyrocketing
Olive oil is continuing its staggering rise in prices in Europe.
November 2, 2023, 4:19 PM
November 2, 2023, 3:26 PM
Charles Schwab lays off 5% to 6% of its workforce, or about 2,000 employees
Charles Schwab laid off about 5% to 6% of its workforce this week.
November 2, 2023, 3:26 PM
November 2, 2023, 1:34 PM
US applications for jobless benefits inch higher but remain at historically healthy levels
The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve’s aggressive interest rate hikes meant to cool the economy and taper lingering inflation
November 2, 2023, 1:34 PM
November 1, 2023, 7:05 PM
Federal Reserve leaves interest rates unchanged despite stubborn inflation
A surging economy has complicated the Fed's fight to cool price increases.
November 1, 2023, 7:05 PM
November 1, 2023, 6:46 PM
Fed leaves interest rates unchanged
ABC News’ Alexis Christoforous and Elizabeth Schulze discuss the recent decision by the Fed not to change interest rates.
November 1, 2023, 6:46 PM
November 1, 2023, 3:46 PM
Will the Federal Reserve announce another hike?
The Fed is expected to keep interest rates on hold at the end of its meeting Wednesday, after already hiking rates 11 times in the past year and a half.
November 1, 2023, 3:46 PM
November 1, 2023, 2:54 PM
U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong in the face of higher interest rates
November 1, 2023, 2:54 PM
November 1, 2023, 12:19 PM
Federal Reserve to make announcement on interest rate
The Fed is expected to keep interest rates on hold as it tries to decipher the path forward for the economy.
November 1, 2023, 12:19 PM
October 31, 2023, 2:38 PM
Autoworkers are the latest to spotlight the power of US labor. What is the state of unions today?
Autoworkers are the latest to spotlight the power of US labor.
October 31, 2023, 2:38 PM
October 31, 2023, 12:33 AM
United Auto Workers and General Motors reach tentative deal
General Motors has reached a tentative deal with United Auto Workers to end the strike, GM and the union confirmed Monday.
October 31, 2023, 12:33 AM
1 month ago
UAW strikes a deal with GM after 6-week strike
ABC News’ Alexis Christoforous has the details on the auto worker union’s tentative agreement with GM that stands to end a 6-week long, historic strike.
1 month ago
1 month ago
Less boo for your buck: For the second Halloween in a row, US candy inflation hits double digits
Spooked by the high price of Halloween candy? There’s not much relief in sight.
1 month ago
1 month ago
Food delivery business Yelloh to lay off 750 employees nationwide, close 90 delivery centers
The company will continue to serve 18 states with its iconic yellow trucks.
1 month ago
1 month ago
US consumers keep spending briskly even in the face of persistent inflation and high interest rates
An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth
1 month ago
1 month ago
Gas prices plummet as some states fall below $3 a gallon
The national average gas price has fallen 35 cents from a 2023 peak in September, AAA data shows.
1 month ago
1 month ago
National average drops for gas prices
ABC News business reporter Alexis Christoforous has more on lower gas prices and other business headlines.
1 month ago
1 month ago
Better than expected growth in Q3
The GDP report shows the economy grew at a 4.9% annual rate from July through September, the strongest page since 2021.
1 month ago
1 month ago
US economy grew at blistering pace in 3rd quarter
U.S. GDP grew at a 4.9% annualized rate over three months ending in September.
1 month ago
1 month ago
What a wider Middle East war could mean for the US economy
A war that ensnares the Gulf region could send gas prices above $5 a gallon and plunge the U.S. into a recession.
1 month ago
1 month ago
What a potentially wider Israel-Hamas war could mean for the US economy, already facing pocket-book stressors
An escalation of the Middle East conflict could plunge the U.S. into recession, experts said.
1 month ago
1 month ago
Weekly applications for US jobless benefits tick up slightly
The number of Americans applying for jobless benefits rose last week but remains historically low as the labor market continues to show strength amid high interest rates and inflation
1 month ago
1 month ago
Israel-Hamas war causes spike in oil prices. Here's what it means for gas costs, inflation
Oil prices have climbed, posing potential risks for consumers, experts said.
1 month ago
1 month ago
Real estate prices in America are heading into unprecedented territory
The firm CBRE says it's now about 53% more expensive to buy property than to rent, adding that's the biggest difference on record.
1 month ago
1 month ago
The impact of high mortgages on the ‘rent or buy’ debate
New data from CBRE shows buying a home is 52% more expensive than renting right now.
1 month ago
1 month ago
Why gas prices could drop before the end of the year
Though the price of oil is on the rise, consumers may see some relief at the pump heading into the holidays.
1 month ago
1 month ago
The yield on a 10-year Treasury reached 5% for the 1st time since 2007. Here's why that matters
The yield on the 10-year Treasury has reached 5% for the first time since 2007
1 month ago
1 month ago
Housing advocates forecasted the 2008 financial crisis, they said they were ignored
A lesser-known group of attorneys, activists warned government for years.
1 month ago
1 month ago
Applications for US jobless benefits fall to lowest level in more than 8 months
Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market
1 month ago
1 month ago
By the Numbers: Soaring mortgage rates
A look at the numbers behind mortgage rates rising to 8% for the first time since 2000, as the Federal Reserve’s campaign to hike interest rates makes it challenging for new homebuyers.
1 month ago