average earnings

U.S. inflation edged down to an 8.3% annual rate in April but remained close to the fastest pace in four decades as the economy continued to face upward price pressures. The Labor…

Wage increases are settling at a historically high rate but aren’t keeping up with inflation, which has accelerated this year.The result is many workers are receiving big raises—and may…

Consumer spending picked up sharply in March, positioning American households to help propel the economy heading into the second quarter of the year.Personal consumption expenditures…

Consumer spending, a key engine of economic growth, fell last month amid rising prices and the Omicron wave.Consumer outlays declined by 0.6% in December from the prior month, the Commerce…

Consumer spending picked up in August, a sign the U.S. economic recovery is gaining steam heading into the fall.Personal outlays on goods and services rose 0.8% in August from the month…

U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy for stronger growth once the Delta variant subsides.…

A strengthening U.S. labor market added cushion to the economic recovery in July ahead of the Delta variant threat, with employers creating jobs at the best pace in nearly a year…

U.S. households boosted spending by 1% in June as consumers shelled out more on services at the start of the summer, but a current upswing in Covid-19 cases related to the Delta…

Households increased spending in May on services that they shunned earlier in the pandemic, helping position the economic recovery for a strong summer as more businesses fully reopen and…

U.S. consumer prices continued to climb strongly in May, surging 5% from a year ago to reach the highest annual inflation rate in nearly 13 years.The Labor Department said May’s increase in…