Economy

US Household Debt Reaches Fresh Record High of $18.59 Trillion: New York Fed

Americans’ household debt levels, ranging from credit card balances to auto loans, reached a new record high last quarter.

US Private Sector Adds 42,000 New Jobs in October: ADP

U.S. private-sector job creation rebounded last month as employment conditions could be showing signs of improving, according to data from ADP.
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‘Showing Up in Droves’—Gen Z Trades Graduation Caps for Hard Hats

The share of Generation Z workers in the construction labor force more than doubled between 2019 and 2023, according to a recent report.

US Annual Inflation Ticks Up to 3 Percent for First Time Since January

The U.S. annual inflation rate rose to the highest level since January, driven by higher gasoline prices and shelter costs.

US National Debt Hits $38 Trillion Milestone

U.S. gross national debt hits a record $38 trillion, Treasury data shows, highlighting continued growth in federal borrowing as of Oct. 21

US GDP Could Take a Hit From Shutdown, Says Treasury Secretary Bessent

The ongoing shutdown of the federal govt. could negatively impact America’s GDP, Treasury Sec. Scott Bessent said in a CNBC interview on Oct. 2.

More Women 25–40 Are Childless—What It Means for the US Economy

Census data shows a rise in childless women in the US, sparking economist concerns about future Social Security stability and workforce sustainability.

Chapter 7 Individual Bankruptcy Filings Jump 15 Percent in First 9 Months of 2025

249,152 individual Chapter 7 bankruptcy filings were made in first 9 months of this year in the US, which is a 15% jump compared to same period last year.