Inflation is normal. But anyone having trouble stomaching their recent grocery bills knows prices started increasing much faster than we’d like. Small changes in the inflation rate can have big impacts on consumers, businesses and the government.
Gas fuels much of what makes up modern life, leaving households to grapple with decision-making spurred by fluctuating prices.
Supply chains are the bustling global networks between a company and its suppliers. Three key characteristics of these networks help reduce costs and waste in our modern economy: intermediate goods, just-in-time manufacturing and the “bullwhip effect.”
According to Bureau of Labor Statistics data, the unemployment rate has realized gradual decreases since April 2021. For most of us, that might be all we hear about it. Until next month, that is, when — up or down — the unemployment rate again leads the headlines. Economists look to an array of metrics when analyzing the health of the labor market.
The economy wasn’t immune to COVID-19. After a decade of economic growth, the pandemic resulted in a recession followed soon after by the beginning of a recovery. Except, even a year later, not all industries and people are recovering equally. For some, it has been a long recession.
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