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Federal Reserve Bank in Chicago, United States
The apparent contradictions in which states spend the most or least on “welfare” arise from differing definitions and metrics: studies cite , , , and , producing different winners and losers. Using th...
The largest gaps between U.S. CPI inflation and real wages in the 2009–2025 window occurred during the 2021–2023 inflation surge, when CPI rose much faster than nominal wages and real wages fell for a...
The American Rescue Plan (ARP) was a $1.9 trillion, deficit‑financed relief package enacted March 2021 to counter the pandemic’s economic damage and included direct payments, expanded unemployment ben...
Halting immigration has materially reshaped U.S. labor supply: official and academic estimates show net migration falling from roughly 2.2 million in 2024 to near half a million (or even negative in s...
The most recent official monthly reading shows the U.S. unemployment rate at 4.4% in September 2025, up from 4.3% in August and higher than 4.1% a year earlier (September 2024) . Independent trackers ...
Medical inflation contributed to premium increases in the ACA Marketplaces, but analysts disagree on how large that role was relative to other drivers such as expiring enhanced premium tax credits, in...