economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
January 23, 2025  |  CFPB

Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. A CFPB report, titled “Auto Repossession Trends and Consumer Impact,”...

READ MORE >
Number of Americans Receiving Unemployment Insurance Reaches 3-Year High
Number of Americans Receiving Unemployment Insurance Reaches 3-Year High
January 23, 2025  |  Economy

New unemployment insurance data reportedly suggests that the labor market remains solid but that workers who do get laid off are having a harder time...

READ MORE >
Why SMB Optimism Will Likely Carry Over Into 2025
Why SMB Optimism Will Likely Carry Over Into 2025
January 23, 2025  |  SMBs

The year 2024 began as a question mark for the smaller firms that are central to Main Street communities and that power the U.S. economy...

READ MORE >
Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
Household Spending Keeps Pace; Lower-Income Groups Feel the Heat
January 22, 2025  |  Consumer Insights

Among the messages conveyed so far in the continuing cavalcade of earnings reports — especially from banks — is that consumer spending is buoyant, a...

READ MORE >
P&G Meets Shifting Shopper Expectations With Household Staples, Digital Innovation
P&G Meets Shifting Shopper Expectations With Household Staples, Digital Innovation
January 22, 2025  |  Earnings

The way shoppers shop has changed over the past five years. However, as Procter & Gamble’s second-quarter 2025 earnings showed, some things remain the same....

READ MORE >
eCommerce Rocks December as Retailers Continue Digital Shift
eCommerce Rocks December as Retailers Continue Digital Shift
January 17, 2025  |  Retail

December’s retail sales, released on Thursday (Jan. 16) by the Census Bureau, were a snapshot of consumer resilience, buoyed by end-of-year sales. And beyond the...

READ MORE >
Report: Job Market ‘Healthy’ Despite Higher-Than-Expected Unemployment Claims
Report: Job Market ‘Healthy’ Despite Higher-Than-Expected Unemployment Claims
January 16, 2025  |  Economy

Jobless claims reportedly rose more than expected last week, but media reports said these numbers are typically volatile at the beginning of a new year....

READ MORE >
Retail and Food Services Sales Grow 3.9% YOY in December
Retail and Food Services Sales Grow 3.9% YOY in December
January 16, 2025  |  Retail

Retail and food services sales in the United States grew in December. They increased 0.4% compared with November and 3.9% compared with December 2023, according...

READ MORE >
Citi Sees Growth Ahead From ‘High-End’ Consumers
Citi Sees Growth Ahead From ‘High-End’ Consumers
January 15, 2025  |  Earnings

Citigroup’s fourth-quarter earnings results were part of a trend in banking reports Wednesday (Jan. 15), where consumer spending continued to drive momentum on cards, the...

READ MORE >