CNBC Economy

Nonfarm payrolls were expected to increase by 706,000 in June while the unemployment rate was forecast to fall to 5.6%.

June jobs growth is expected to outpace May as more Americans rejoined the workforce, even as companies continued to struggle to find employees.

The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is hitting the market.

A group of 130 nations has agreed to a global minimum tax on corporations, part of a broader effort to overhaul international tax rules.

The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a CBO estimate released Thursday.

First-time claims for unemployment insurance were expected to total 390,000 for the week ended June 26.

As Americans resume pre-Covid activity and the Biden administration seeks even more stimulus, the president's policies may be his own biggest economic threat.

Weekly mortgage demand fell to the lowest level in almost a year and a half, as home prices sideline more buyers.

Wharton found that Biden's infrastructure plan would cut the U.S. debt and slightly increase GDP.

Home prices in April saw an annual gain of 14.6%, up from a 13.3% increase in March, the S&P CoreLogic Case-Shiller National Home Price Index says.

Fed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.

What's bad news for consumers has been good news for policymakers as well as investors when it comes to inflation.

A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s.

First-time claims for unemployment insurance were expected to total 380,000 for the week ended June 19.

Delaware's $9.25 minimum wage would increase to $15 by 2025 once the governor signs a new law.

Fed Chair Jerome Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic reopening.

Sales of existing homes fell 0.9% in May to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors.

Powell said in testimony prepared for delivery to Congress on Tuesday that the economy is growing but faces continued threats from the pandemic.

St. Louis Federal Reserve President James Bullard told CNBC that he sees an initial interest rate increase happening in 2022 as inflation picks up.

Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.