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As inflation overtakes wages, Americans are working more for less
Fuelled by Russia's invasion of Ukraine, inflation and consumer prices continue to rise in America despite the Fed's most aggressive rate hike in decades.
Felix Richter is a data journalist at Statista.
Fuelled by Russia's invasion of Ukraine, inflation and consumer prices continue to rise in America despite the Fed's most aggressive rate hike in decades.
The US added 263,000 jobs in September. However, a slowing labour market would reduce the chance of the Federal Reserve making large interest rate hikes.
US consumer spending rose by 2% in inflation-adjusted terms in the second quarter. But there are warning signs, such as lower spending on food and drink.
US job openings fell in August, signalling that the labour market is slowing. But demand remains high, with 1.5 unfilled positions per unemployed person.
Millions of Americans are facing financial hardship due to rising consumer prices, as the level of inflation remains at its highest level in more than 40 years.
Despite a drop in gasoline prices, inflation has showed little signs of cooling off in August due to increases in prices for shelter, food, and medical care.
在新冠肺炎疫情带来前所未有的就业危机之后,整个2021年美国劳动力市场出现了新趋势:数千万美国人自愿离职。根据最新的JOLTS报告,“大辞职潮”在2022年7月有所缓解,经季节性调整后的辞职人数已经连续第四个月下降了。但是418万的离职人数仍然处于史上最高水平,而上个月的职位空缺数量也处在同样高的水平,超过了1100万。
The Great Resignation led to the Great Regret for some Americans, according to a new survey, with 42% saying their new job hasn't lived up to expectations.
At 4.18m, the number of Americans quitting jobs is historically high - experts believe workers re-evaluating their priorities post-pandemic is the main driver.
Millions of Americans could see their student debt cancelled by the Biden Administration. Here's a chart showing the growth in US student debt.
Earth Overshoot Day is the day that humanity’s demand for resources exceeds the resources Earth can regenerate within a year, marked on 28 July this year.
The UNWTO's latest World Tourism Barometer shows an increase of 182% for international tourism in the three months of 2022 compared to the previous year.
A survey by Statista reveals that over 40% of US adults now think that inflation and the cost of living are the most pressing issues that needs addressing.
Americans saved just 4.4% of their disposable income in April – lower than at any point since the Great Recession, and down from 12.6% a year earlier.
Facing the highest inflation in 40 years, the US Federal Reserve has raised the target range for the federal funds rate by 75 basis points to 1.50-1.75%.