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Economy
U.S. Jobless Claims Rise by 23,000 to 230,000
By PAUL WISEMAN/AP
World Bank Cuts Global Growth Forecast Due to COVID-19 Case Surge, Supply Chain Disruptions
By Ana Monteiro and Eric Martin/Bloomberg
4 Charts That Explain the Wild U.S. Economy
By Emily Barone
The Conservative Case For Prison Reform
By Tony Messenger
More in
Economy
It's Time for a New Progressive Era, With Informal Workers at the Center
Informal work is the essential service that billions of people give to a world that barely notices.
By Darren Walker
November 25, 2021
Biden Taps Fed Reserve Chief Jerome Powell for Second Term
Powell has historically received bipartisan support and faces what will likely be a smooth confirmation in the Senate
By Craig Torres and Nancy Cook/Bloomberg
November 22, 2021
Meet the Women Leading the Global Fight for Workers' Rights in the Informal Economy
The pandemic has hit informal workers particularly hard
By Eloise Barry
November 17, 2021
Rich Men Agreed to Fund a Failing City. Some Say They Made It Worse
The Foundation for Excellence funds the Kalamazoo city budget, a situation critics say empowers the Foundation's rich founders and threatens democracy
By Alana Semuels/Kalamazoo, Michigan
November 4, 2021
Child Tax Credit Was a Lifeline to My Special-Needs Sons
The pandemic has brought to light a harsh reality that many who have endured poverty, especially with children, already knew: our current systems fail those who find themselves in difficult economic circumstances. People fall through...
By Jennifer Dickman
November 2, 2021
Modern Capitalism Needs a Revolution to Undo the Damage It Has Caused
Capitalism stands at a crossroads and we must find the best way forward, writes Ronald Cohen
By Ronald Cohen
November 1, 2021
Young People Are Leaving Their Jobs in Record Numbers—And Not Going Back
Life for Whitney Green looks a little different these days. She wakes up to the sounds of Rome: scooter engines echoing off cobblestones, the lilting chatter of café patrons collecting their morning espresso shots. She...
By Raisa Bruner
October 29, 2021
High Inflation Expected Through Mid-2022
The current situation reflects “temporary” pain, she said
By Linus Chua / Bloomberg
October 24, 2021
Bitcoin's Risk and Reward for Black Investors
“We can operate on an even playing field in the digital world”
By JANELL ROSS / WASHINGTON, D.C.
October 15, 2021
What the History of Money Says About Its Future
We may be on the cusp of a currency shift now
By Jacob Goldstein
October 15, 2021
American Consumer Delinquencies Hit Record Low Amid Recovery
It's at the lowest level since the American Bankers Association started collecting data in 1993
By Zijia Song / Bloomberg
October 14, 2021
IMF Board Keeps Georgieva as Chief After Data Scandal Review
Kristalina Georgieva will remain as head of the International Monetary Fund after the lender’s board reviewed accusations that she improperly influenced a World Bank ranking of China’s business climate. The fate of Georgieva—a Bulgarian economist...
By Eric Martin and Saleha Mohsin / Bloomberg
October 12, 2021
David Card Shares Nobel Prize in Economics for Natural Experiments
The award, this year shared between three economists, chimes with a focus of the academy on real-world applications of the economics discipline in recent years
By Niclas Rolander / Bloomberg
October 11, 2021
More Men Than Women Are Now Single
Almost a third of adult single men live with a parent
By Belinda Luscombe
October 5, 2021
Latino Entrepreneurs Were Among the Hardest Hit by the Pandemic. Now They Could Spur the Economic Recovery
Jaime Macias could hardly have opened his bar and restaurant, Jaime’s Place, at a worse time. In the weeks before his scheduled grand opening in October 2020, COVID-19 ran rampant through San Antonio. Restrictions had...
By Jasmine Aguilera/San Antonio
October 1, 2021
The U.S. Is Losing the Global Race on Digital Currency
"I don’t think the U.S. is aware there is a race"
By Dion Rabouin
September 21, 2021
Melinda French Gates: Our Economy Is Powered by Caregivers. That’s Why It’s Time for National Paid Leave
“This is a once-in-a-generation opportunity,” a member of Congress told me earlier this summer. We were talking about the chance to pass a desperately needed, long overdue national paid family and medical leave law. After...
By Melinda French Gates
September 20, 2021
IMF Managing Director Called Out on 'Pressure' to Boost China's Ranking in Economic Report
The World Bank, in a probe of its “Doing Business” report, found such serious ethics issues that it decided to abandon the series entirely, a statement showed.
By Eric Martin / Bloomberg
September 16, 2021
Inside the Nation's Largest Guaranteed Income Experiment
One evening in early June, Leo and his family were able to enjoy a treat they hadn’t experienced in months: a sit-down meal at a restaurant. At a fried chicken chain in a Compton, California...
By Abby Vesoulis/Compton, CA
September 16, 2021
Christine Lagarde and Klaus Schwab Discuss How to Overcome the World's Greatest Challenges
The president of the ECB and the founder of the World Economic Forum discuss climate change, economic recovery and digital currencies
By TIME Staff
September 1, 2021
This Startup Has a Mission to Fight Student Debt
The startup Mos, founded by a Tunisian human rights activist, wants to teach college-bound students the financial skills they didn't learn in school
By Katie Reilly
September 1, 2021
Research Shows Working From Home Doesn’t Work. Here’s How Employers Should Tackle the Problem
Working from home doesn’t work for many workers. Employers need to tackle the problem with a new model, writes Mimi Nguyen
By Mimi Nguyen
August 13, 2021
How China Is Using AI to Fuel the Next Industrial Revolution
"AI is the engine fueling the fourth industrial revolution. China is at the forefront in manifesting this change"
By Kai-Fu Lee
August 11, 2021
How a New Deal for Global Taxation Might Save Democracy
Every year, multinational corporations divert some $1.38 trillion in profits away from the countries where they were made to places with much lower, or even zero, corporate tax rates. And while much of this is...
By Malcolm Turnbull
August 11, 2021
Big Tech Is Coming to Small Towns, but at What Cost?
Data centers run by Facebook, Google and other tech companies are expanding across the U.S., promising jobs and tax revenue but rarely delivering
By Alana Semuels
August 4, 2021
What Women Owe Each Other on Black Women's Equal Pay Day
The wage gap is often described as a pay and opportunity difference between white men and all women. But once you know the history, it's clear that the gap between groups of women is just as important—and that white women share an obligation to address it
By Janell Ross
August 3, 2021
Biden’s Last-Ditch Effort to Stop Evictions Frustrates Allies
The President faces criticism from some of his allies for not acting sooner to prevent what they view as an imminent housing crisis
By Nancy Cook and MacKenzie Hawkins / Bloomberg
July 30, 2021
Inside the Quest to Distribute Billions in Rental Assistance Before Eviction Moratoriums Expire
Katrina Dennis, 51, was so sure she would be evicted from her Phoenix, Arizona rental home that she had already started packing to move in with family. The pandemic cost Dennis her airline customer relations...
By Abby Vesoulis
July 23, 2021
Surprise Jump in Unemployment Claims Shows U.S. Labor Market Churn
The rise in initial jobless claims reflected outsize increases in four states—Michigan, Texas, Kentucky and Missouri
By Peyton Forte and Olivia Rockeman / Bloomberg
July 22, 2021
It's Not So Easy to Boycott Men
A record number of women run Fortune 500 companies. But they only make up 8.2% of the list.
By Alana Semuels
July 21, 2021
How 7 Parents Will Use New Child Tax Credit
It felt like Christmas in July for more than 35 million American families this week, when they began receiving a collective $15 billion in their bank accounts in the form of expanded child tax credits....
By Abby Vesoulis
July 16, 2021
IRS Is Close to Breaking Point as Child Tax Credits Roll Out
With new responsibilities doling out COVID-19 relief and child tax credits, the understaffed, underfunded IRS is falling dangerously behind
By Abby Vesoulis
June 29, 2021
The Pandemic Revealed How Much We Hate Our Jobs. Now We Have a Chance to Reinvent Work
The workplace doesn't work. Now's our chance to reinvent it
By Joanne Lipman
May 27, 2021
The Empire State Building's History Offers Hope for Today
As office buildings grapple with how to cope after a year of working from home, the Empire State Building's history may offer some hope
By Olivia B. Waxman
April 30, 2021
The Pandemic Made the Top 1% Richer. Why We Need Wealth Tax
The coronavirus has been nothing less than a calamity. But more than a year into the pandemic, it is distressingly clear that although the virus affects everyone, we are not all in this together. Instead,...
By Daniel Markovits
April 30, 2021
Asia Set to Rebound Faster Than U.S.
But, economic success could be thwarted by the region's sluggish vaccine rollout and deadly new waves of COVID-19
By Amy Gunia
April 28, 2021
The Free Market is Dead: What Will Replace It?
Big meetings in the Oval Office in the time of Covid-19 are rare, but two weeks into his presidency, President Joe Biden decided to make an exception. It was only a few days after the...
April 26, 2021
How the Domestic Slave Trade Reshaped the American Economy
Between the 1820s and the 1830s, the number of slaves transported across state lines increased by 85%, reaching the point where white people forced the migration of nearly thirty thousand enslaved people, on average, from one state to another every year
By Joshua D. Rothman
April 20, 2021
Spain Is Going to Trial a 4-Day Work Week. Could It Go Mainstream?
What the country can learn from companies and municipalities that have tried it
By Lisa Abend
March 22, 2021
Can Guaranteed Income Improve the Health of Moms and Kids?
When Maile Chand reminisces about her 2016 pregnancy, the first thing that comes to mind isn’t how she prepared her daughter’s nursery or vetted baby names. Instead, she remembers constantly struggling to find enough money...
By Abigail Abrams
March 18, 2021
Is the Stock Market in a Bubble?
Bubbles, bubbles everywhere. So say an increasing number of Wall Street professionals, who see the lofty prices of everything from equities to Bitcoin, new homes to the soaring value of newly public companies as clear...
By Zachary Karabell
March 8, 2021
How COVID-19 Brought the Next Housing Crisis
Millions of tenants are behind on rent, mom-and-pop landlords are struggling, and a looming wave of evictions will make everything worse
By Abby Vesoulis/Seattle
February 18, 2021
The Fight for $15 Is Our Selma
After the public lynching of George Floyd last summer, his cry of “I can’t breathe” galvanized a movement for Black lives that won majority support among Americans. Floyd wasn’t the only one gasping for breath....
By William J. Barber II
February 17, 2021
Could Amsterdam's New Economic Theory Replace Capitalism?
It’s the first time a major city has attempted to put doughnut theory into action on a local level
By Ciara Nugent
January 22, 2021
The Top Global Risks of 2021
2021 opens in the middle of the greatest crisis of our lifetimes. The healthcare response to the pandemic defined 2020. The economic response to its lasting damage will define 2021.
By Ian Bremmer
January 6, 2021
The U.S. and China Are Not Heading Towards a New Cold War
Are the U.S. and China charging into the world’s next Cold War? Plenty of people think so, and it’s hard to fault them after the last four turbulent years. It’s also true that no country...
By Ian Bremmer
December 28, 2020
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