Economy News Updates

Government, Business

US Inflation Ticked Higher in December

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated.

January 31, 2025
Government, Business

Inflation Rose in December but Underlying Pressures Fell

WASHINGTON — U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.

January 16, 2025
Business

Retail Sales Edge Up 0.4% in December Compared With November

American consumers wrapped up the year in a spending mood, buying all sorts of merchandise from furniture to clothing and eating out at restaurants, according to the government.

January 16, 2025
Government, Business

US Jobless Claims Hit Eight-Month Low to End 2024

Initial applications for U.S. unemployment capped 2024 at an eight-month low, reflecting the muted levels of job cuts in a labor market that has remained surprisingly resilient.

January 2, 2025
Government, Business

US Economy Defies Odds Despite Election-Year Challenges

Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid in 2024.

December 30, 2024
Business, Logistics

Trucking Slowly Climbs Toward the Up Cycle in 2025

The trucking industry is expected to slowly improve next year even as market headwinds and uncertainty leave many unknowns heading into 2025.

December 23, 2024
Government, Business

Consumer Sentiment Up for Fifth Straight Month in December

The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.

December 20, 2024
Business, Logistics

REPLAY: Economic Outlook for 2025 with ATA's Bob Costello

Over the past two and a half years, the trucking industry has persevered through a freight rate recession amid an oversupply of capacity while also navigating supply chain disruptions and uncertainty. When will freight rates rebound, and how much recovery can we expect?

December 9, 2024
Government, Business

Harris, Trump Campaigns Make Final Push Before Election Day

Vice President Kamala Harris and former President Donald Trump delivered their closing arguments to voters heading into Election Day as their campaigns draw to a conclusion.

November 5, 2024
Government, Business

Storms and Strikes Hold New Jobs to Just 12,000 in October

WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.

November 1, 2024